Bloomberg | Oil, briefly up on lower rig counts, falls on US output outlook Reuters LONDON (Reuters) - Oil prices fell on Monday on expectations that U.S. output will rise this year, erasing earlier gains buoyed by lower weekly U.S. rig counts and falling U.S. unemployment. FILE PHOTO: A general view shows the al-Shuaiba oil refinery ... Oil's Near $62 as US Jobs Fan Optimism, Rig Drop Eases Fears Oil, briefly higher on lower rig counts, falls on US output outlook Oil prices rise on reduced US drilling activity, booming job market |