Oil fell by more than 2 percent on Monday, pressured by a rise in Russian production, expectations that Saudi Arabia will cut prices of the crude it sends to Asia and a deepening trade spat between China and the United States. Brent crude LCOc1 was down $1.44, or 2.1 percent, at $67.90 a barrel by 1:32 p.m. EDT (1832 GMT). That was the lowest level since March 21. U.S. crude CLc1 lost $1.72, or 2.7 percent, to $63.22, its lowest since March 20. Trading volumes were lower than normal as some countries were on Easter holiday. Trade sources told Reuters on Monday that Saudi Arabia is expected to cut prices for all crude grades it sells to Asia in May to […]