Reuters | Oil prices fall on high production despite planned OPEC output cut Reuters SINGAPORE Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years. An OPEC Output Cut Not Likely to Alter Oil Imbalance Don't bet on Russia capping oil output Oil Bulls Rewarded as Crude Surges After OPEC Output Accord |