Oil prices fell on Wednesday on expectations of high and rising exports from the Middle East, while concerns about China’s economy weighed on the demand outlook. Brent crude futures were trading at $49.45 per barrel at 0748 GMT, down 44 cents from their last settlement. U.S. crude futures were down 43 cents at $48.67 a barrel. Traders said oil prices eased on concern that Middle East members of the Organization of the Petroleum Exporting Countries (OPEC), which meets on Thursday to discuss policy, could continue to raise output. Most analysts said OPEC would continue to focus on defending market share instead of propping up prices by curbing output. “There are no expectations of freezes or agreements to limit output… there is no expectation of an uplift in prices,” said Bjarne Schieldrop, chief commodity analyst at SEB […]