Oil falls on U.S. drilling, shrugs off upbeat China data

By Mark Tay SINGAPORE (Reuters) - Oil prices fell on Tuesday on concerns over increased drilling in the United States and as investors took profits after oil prices rose close to 1 percent in the previous session. Upbeat August Chinese industrial output growth did little to lift oil prices as the crude market remained in a profit-taking mode, traders said. China's industrial output grew the fastest in five months in August as demand for products from coal to cars rebounded thanks to higher gover