Oil prices slipped in thin trading on Wednesday as investors took profits from the previous session’s rally, while potential supply disruptions in the United States, Brazil and Libya curbed losses. Brent futures for December delivery LCOc1 had fallen 4 cents to $50.50 at barrel by 0215 GMT (9:15 p.m. EDT), after ending the last session up $1.75, or 3.6 percent. U.S. crude for December delivery CLc1 dropped 2 cents to $47.88 a barrel, after closing up $1.76, or 3.8 percent. Earlier on Wednesday, it hit its highest since Oct. 13 at $48.36. “(Investors are) taking short-term positions after a good rally,” said Michael McCarthy, chief market strategist at Sydney’s CMC Markets. Prices were expected to slide further later in the day although they will remain range-bound, McCarthy added. “A year-end recovery in […]