Oil steady around $50 on doubts over OPEC output cuts

By Christopher Johnson LONDON (Reuters) - Oil prices steadied around $50 a barrel on Thursday, close to the week's lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. North Sea Brent crude was up 25 cents at $53.25 a barrel by 0908 GMT. OPEC members and oil producers outside the group will meet again this weekend in Vienna to discuss details of last week's deal, which aims at an overall reduction in output of arou