Oil falls as OPEC compliance report underwhelms

By Karolin Schaps LONDON (Reuters) - Oil fell more than 1 percent on Monday after an OPEC report showing high compliance with last year's landmark production- cut deal underwhelmed investors while signs of rising U.S. crude output continued to weigh on prices. Global benchmark Brent crude futures were down 96 cents at $55.74 a barrel at 1518 GMT and touched a session low of $55.65. West Texas Intermediate (WTI) crude futures were down 82 cents at $53.04 a barrel and traded as low as $53.01 earli