“The current price fall is greatly aided by the general fall in global equities due to persistent concerns about economic growth, including the U.S.-China trade dispute,” which has led to “fears of downward revisions in global oil demand growth,” according to Tamas Varga, analyst at brokerage PVM Oil Associates Ltd. An oil storage vessel operated by Total off the coast of Angola, an OPEC member. Photo: rodger bosch/Agence France-Presse/Getty Images Prices are also being weighed down by signs of rising U.S. and Russian crude production. In its drilling productivity report Monday, the U.S. Energy Information Administration estimated that U.S. shale oil production would rise from December by 134,000 barrels a day to reach 8.17 million barrels a day in January. Russia, meanwhile, said its crude output had climbed to a record 11.42 million barrels a day in December. “This appears to be raising doubts on the market that Russia […]