Oil prices fall on supply concerns as U.S. rig count rises
SINGAPORE: Oil futures dipped in early Asian trade on Monday on worries about global oversupply after a higher U.S. rig count pointed to rising U.S. shale production, while a stronger dollar also put pressure on crude.
U.S. West Texas Intermediate crude futures CLc1 fell 5 cents to $50.55 a barrel by 0012 GM
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