Oil falls, U.S. crude dips below $50 on oversupply fears
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NEW YORK (Reuters) - Oil prices fell more than 2 percent on Monday, with U.S. crude tumbling below $50 a barrel, on signs of oversupply in the United States and as investor concern over global economic growth and fuel demand grows.Brent crude oil fell 67 cents, or 1.11 percent, to settle at $59.61 a barrel after dropping to a session low of $58.83 a barrel. U.S. crude dropped $1.32, or 2.58 percent, to end the session at $49.88 a barrel and tumbled to a low of $49.09 a barrel. Benchmark U.S...