Oil prices fell on Monday as increased drilling in the United States pointed to more output, raising concerns about a return of oversupply. U.S. West Texas Intermediate (WTI) crude futures were at $62.14 a barrel at 0739 GMT, down 20 cents, or 0.3 percent, from their previous close. Brent crude futures were at $65.99 per barrel, down 22 cents, or 0.3 percent. Monday’s price falls in part reversed increases last Friday, which came on concerns over tensions in the Middle East. On a simple supply versus demand basis, however, oil markets are facing the possibility of a renewed glut after being in a slight deficit for much of last year. U.S. drillers […]