Oil eases after 4-day gain, U.S. inventories weigh

By Naveen Thukral SINGAPORE (Reuters) - Oil edged lower on Wednesday, snapping four sessions of gains as an increase in U.S. inventories weighed on the market, offsetting bullish momentum from production cuts announced by OPEC and other producers. U.S. West Texas Intermediate (WTI) crude futures had fallen 19 cents, or 0.3 percent, to $52.99 a barrel by 0022 GMT. Brent crude , the international benchmark for oil prices, was yet to start trading.