Crude-oil prices fell in early Asia trade Monday, dragged by l ackluster Chinese manufacturing data and dimming prospects of a coordinated production cut by world’s dominant oil producers. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at $32.93 a barrel at 0349 GMT, down $0.69 in the Globex electronic session. April Brent crude on London’s ICE Futures exchange fell $0.74 to $35.25 a barrel. Last week, prices rose on speculation Russia and Saudi Arabia were considering output cuts to support prices. The gains soon evaporated after Organization of the Petroleum Exporting Countries officials refuted such claims. Hopes of a supply cut sank further after Iran said it “won’t consider a cut” until its exports have increased by 1.5 million barrels a day over current levels of roughly 1.1 million barrels a day. Oil prices have been dogged by oversupply concerns for nearly […]