Oil holds near annual peaks, awaiting OPEC cuts

By Dmitry Zhdannikov LONDON (Reuters) - Oil prices edged up for a fourth consecutive session on Wednesday, close to their peaks since mid-2015, with the market awaiting evidence of OPEC supply reductions in the new year. International Brent crude futures were up 12 cents at $56.21 a barrel by 1248 GMT. U.S. benchmark West Texas Intermediate (WTI) crude oil prices were up 7 cents at $53.97 per barrel, not far from the year's high of $54.51 reached on Dec. 12.