Crude-oil futures fell in Asian trade Friday, with Nymex crude trading at its lowest level in more than two months, dragged lower by concerns over resilient U.S. shale production in the face of low oil prices and high OPEC production. On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at $56.66 a barrel at 0331 GMT, down $0.27 in the Globex electronic session. August Brent crude on London’s ICE Futures exchange fell $0.18 to $61.89 a barrel. The U.S. oil-rig count rose by 12 to 640 the past week, snapping 29 straight weeks of decline, Baker Hughes data showed. This raised concerns U.S. shale-oil production could remain strong and continue to pressure oil prices. Though U.S. oil production continues to rise and contribute to the global surplus, rising output from the Organization of the Petroleum Exporting Countries is an even […]