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UPDATE 3-Oil rises to $51 after steep slide; growth fears weigh B rent slips to lowest since July 2017 * Global growth concerns weigh * OPEC, allies to cut output in 2019 (Updates prices, adds quote, previous SEOUL LONDON, Dec 26 - Oil edged up to $51 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an OPEC-led effort to tighten supply.Crude has been caught up in wider financial market weakness as the U.S. government shutdown, higher U.S. interest rates and the U.S.-China trade dispute unnerved investors and exacerbated worries over global growth. MKTS/GLOB Brent crude the global benchmark, was up 43 cents at $50.90 at 0949 GMT. It earlier fell to $49.93, the lowest since July 2017, and posted a 6.2 percent slide in the previous session.U.S. crude was up 74 cents at $43.27."I think there is a little bit of over-extension to the downside linked...