Oil prices fell early on Monday, pulled down by a rising rig count in the United States, record OPEC-output, and slowing global economic growth which could erode fuel demand. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $50.03 per barrel at 0030, down 32 cents from their last settlement. Traders said that WTI was pulled down by another rise in U.S. oil drilling activity. A closely watched report on Friday by oil services provider Baker Hughes showed U.S. drillers added four rigs in the week to Oct. 14. It was the 16th week in a row that oil drillers had gone without making cuts, indicating more production to come. [RIG/U] International benchmark Brent crude oil futures LCOc1 were also down, shedding 20 cents from their last settlement to $51.75 per barrel. Traders said […]