Oil prices edge up as Kuwait cuts supplies by more than expected

By Henning Gloystein SINGAPORE (Reuters) - Oil prices edged up on Friday after market sources said Kuwait had told customers it was cutting supplies by more than initially expected from January as part of a coordinated effort by oil producers to drain a global glut. U.S. West Texas Intermediate (WTI) crude futures were up 24 cents, or 0.47 percent, at $51.14 per barrel. The slightly higher prices came after Kuwait, a member of the Organisation of the Petroleum Exporting Countries (OPEC), notifie