Oil prices edge down ahead of OPEC, non-OPEC production cuts

By Jane Chung Seoul (Reuters) - Oil prices edged down on Wednesday in quiet early Asian trading as the market waits to see how OPEC and non-OPEC members carry through on planned supply cuts in the new year. U.S. benchmark West Texas Intermediate (WTI) crude futures were down 13 cents at $53.77 at 0021 GMT after settling up 88 cents at $53.9 a barrel in the previous session. The market is taking a wait-and-see approach on the official start of the landmark deal reached by the Organization of Petr