Reuters | Oil tumbles up to 4 percent, stockpile worry cuts short rally Reuters NEW YORK Global oil prices fell as much as 4 percent on Monday on concerns a six-week market recovery has gone beyond fundamentals, as U.S. crude stockpiles continue to mount and Iran maintains little interest in a global production freeze. Local players dare to hope that worst is over for oil prices Oil retreats on weak Chinese data, Iran rejection of output freeze Traders positioning for rebound in crude oil prices |