Oil steadies after price jump; investors wait on OPEC meetings
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TOKYO (Reuters) - Oil prices edged lower in muted trading on Thursday ahead of the start of OPEC meetings later in the day, steadying after the previous session's steep gains on a sharp drop in U.S. crude inventories and expectations of more output cuts.Brent crude futures dipped 10 cents, or 0.2%, to $62.90 a barrel by 0112 GMT. Brent surged 3.6% on Wednesday.West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.4%, to $58.21 a barrel. They settled up 4.2% on Wednesday.Prices are..