Oil prices hold near annual peaks, awaiting OPEC cuts

By Jane Chung and Dmitry Zhdannikov SEOUL/LONDON (Reuters) - Oil prices rose for a fourth consecutive session on Wednesday to trade above $56 a barrel, not far off their peaks since mid-2015, with the market awaiting evidence of OPEC supply reductions in the new year. International Brent crude futures were up 36 cents at $56.45 a barrel by 1000 GMT. U.S. benchmark West Texas Intermediate (WTI) crude oil prices were up 27 cents at $54.17 per barrel, not far from the year's high of $54.51 reached