Oil prices static on uncertainty over planned production cut

By Henning Gloystein SINGAPORE (Reuters) - Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity due to the U.S. Thanksgiving holiday kept traders from making big new bets on markets. U.S. West Texas Intermediate (WTI) crude futures were at $47.94 per barrel, down 2 cents from their last settlement. Traders said market activity was low due to the U.S. holiday, and there was a reluctance to take on big price directional bets