Oil prices fall as increased U.S. drilling points to higher output

Oil prices fall as increased U.S. drilling points to higher output:

"Oil prices fell on Monday as increased drilling in the United States pointed to more output, raising concerns about a return of oversupply.

U.S. West Texas Intermediate (WTI) crude futures were at $62.14 a barrel at 0739 GMT, down 20 cents, or 0.3 percent, from their previous close.

 Brent crude futures were at $65.99 per barrel, down 22 cents, or 0.3 percent.

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