Oil prices nudged higher on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind down ahead of the Christmas weekend.

                       U.S. West Texas Intermediate (WTI) crude oil futures <CLc1> were trading at $53.58 per barrel at 0105 GMT, up 28 cents from their last settlement. 

 "U.S. oil may rise to $54.37 per barrel, as it has broken resistance at $53.36," said Reuters technical commodities analyst Wang Tao. 

International Brent crude oil futures <LCOc1> were at $55.57 a barrel, up 22 cents."Brent oil is poised to break a resistance at $55.79 per barrel," he said.

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