* 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.