An employee holds a gas pump at a petrol station in Sao Paulo, Brazil, November 8, 2016. Oil trading was static early on Friday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity after the U.S. Thanksgiving holiday kept traders from taking big new positions. International Brent crude oil futures LCOc1 were trading at $48.97 at 0102 GMT, down 3 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.97 per barrel, up 1 cent from their last settlement. Traders said market activity was low due to the U.S. holiday, while there was a reluctance to take on big price directional bets because of uncertainty about the planned oil output cut, led by the Organization of the Petroleum Exporting Countries (OPEC). OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non-OPEC member Russia, […]