Oil prices fell Monday as disappointing economic data from Japan helped reinforce fears that the world’s glut of crude won’t ease soon. Light, sweet crude for February delivery lost $1.29, or 3.4%, to $36.81 a barrel on the New York Mercantile Exchange, snapping a four-session winning streak. Brent, the global benchmark, slipped $1.27, or 3.35%, to $36.62 a barrel on ICE Futures Europe. Data showed Japanese industrial production fell around 1% in November. That helped send Chinese equities lower , too, reigniting fears about the economic health and potential for oil consumption throughout Asia, analysts said. Oil traders have been watching Chinese markets especially closely in recent weeks since the U.S. Federal Reserve’s decision to raise interest rates. That has helped fuel gains in the dollar and declines in emerging-market currencies, reminding traders about this past summer when oil suffered steep losses because of falling equities and a surprise […]