Oil prices edged lower Monday, as investors continued to weigh OPEC’s production cuts against rising production in the U.S. U.S. crude futures fell 13 cents, or 0.24%, to $53.20 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, gained 11 cents, or 0.2%, to $56.01 a barrel on ICE Futures Europe. While data has…