Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. Brent crude futures were trading at $46.42 per barrel at 0419 GMT (12:19 a.m. EDT), down 34 cents from their last settlement. U.S. West Texas Intermediate (WTI) crude was down 37 cents at $45.04 a barrel. Prices also dipped in physical markets. Iran has set the official selling price (OSP) of Iranian Light grade for its Asian buyers at $0.45 above the Oman/Dubai average for August, down 40 cents from the previous month, an industry source with direct knowledge of the matter said on Monday. Traders said the lower prices were a result of Asian refiners beginning to […]