Oil prices fell Monday on concerns about weakening Chinese growth and continued growth in global production. Oil prices have plunged in the past year as output overwhelmed demand and producers from Russia to Saudi Arabia continued to pump at high levels despite falling prices. The Organization of the Petroleum Exporting Countries’ output has climbed in recent months and some analysts expect the group to report another gain when it reports October production next week. “Today we have bearish China statistics, rising Russian crude-oil exports, rising OPEC production and the risk should be skewed to the downside,” said Bjarne Schieldrop, commodities analyst at SEB Markets. However, the limited price reaction to fresh data suggests that the market has already priced in the current level of oversupply, said Tim Evans, analyst at Citigroup Inc. C 1.24 % Light, sweet crude for December delivery settled down 45 cents, or 1%, at […]