Oil prices stable, supported as output cuts hit market

By Henning Gloystein SINGAPORE (Reuters) - Oil prices were stable on Tuesday, buoyed by soaring demand in Asia and as signs of a crude production cut organised by OPEC and other exporters materialised, tightening a market that has been grappling with years of oversupply. International Brent crude was trading at $55.67 per barrel at 0430 GMT, virtually unchanged from its last settlement. U.S. West Texas Intermediate (WTI) crude was down 10 cents at $52.73 a barrel, with U.S. producers not partici