Oil prices wavered between small gains and losses Thursday, as investors awaited clues on whether OPEC will do more to ease a global supply glut. Light, sweet crude for November delivery fell 14 cents, or 0.3%, to $50.55 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, edged down 0.2% to $56.43. Investors will be monitoring a meeting of the Organization of the Petroleum Exporting Countries and other major producers on Friday, where the continuing production cap agreement will be discussed. OPEC and several other producers reached an agreement to curb production through March 2018 late last year, and many analysts think the cartel will have to extend production cuts at its next official gathering in November to support prices. “We’re still oversupplied in a $50 world,” said Chris Kettenmann, chief energy strategist at New York-based Macro Risk Advisors. “We remain cautious on crude prices […]