Oil falls on increased U.S. rig count, China industrial slowdown::

* U.S. rig count last week rose for the first time in 2019

* China Dec. industrial profits shrink for 2nd month

* China hopes fiscal stimulus can stem economic slowdown

* U.S. oil production & drilling levels: https://tmsnrt.rs/2S87iVI (Adds comment, updates prices)

il prices fell by 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and China, the world’s second-largest oil user, reported additional signs of an economic slowdown.



Leave a Reply

Your email address will not be published. Required fields are marked *