Global crude futures edged higher Friday as traders turned their attention to a meeting of a committee monitoring OPEC’s production cuts, amid growing concerns that the group’s efforts haven’t been enough to drain a world-wide glut. U.S. crude futures settled up 27 cents, or 0.57%, at $47.97 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 24 cents, or 0.47%, to $50.80 a barrel on ICE Futures…