Oil prices edge up on expected U.S. crude inventory draw

By Henning Gloystein SINGAPORE (Reuters) - Oil prices nudged higher on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind down ahead of the Christmas weekend. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $53.58 per barrel at 0105 GMT, up 28 cents from their last settlement. International Brent crude oil futures were at $55.57 a barrel, up 22 cents.