Oil futures edged higher Wednesday, with investors watching the progress of production cuts by major crude-producing countries, one month after the deal was implemented. Brent crude, the global oil benchmark, rose 0.2% to $55.69 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures gained 0.2% to trade at $52.92 a barrel. Analysts said the Organization of the Petroleum…