Crude oil prices fell Monday as market participants fretted over a supply overhang that could worsen as global supply disruptions fade. The September contract for global benchmark Brent was down 1.6% at $46.07 a barrel. Its U.S. counterpart, West Texas Intermediate, shed 0.7% to $44.67 for August deliveries. Brent lost 7.1% of its value last week with many observers believing worries over clearing supply disruptions are now dominating trade. Crude oil prices fell on Monday over concerns that recent supply disruptions may be at… In a note, Bjarne Schieldrop, chief commodities analyst from Sweden’s SEB bank, said the imminent return of Canadian and Nigerian crude oil after disruptions, along with the prospect of Libya starting to export oil again, has made markets more bearish. Nigerian production remains down, and Libya increasing production is still at the formative stage. But Mr. Schieldrop said those concerns will be enough to make […]