Oil prices fall 2 percent on oversupply, demand concerns

By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices fell to 2-1/2-month lows on Monday on rising concerns that a global glut of crude and refined products would weigh on markets, delaying a long-anticipated rebalance in the market. Data from market intelligence firm Genscape pointing to a an inventory rise of 1.1 million barrels at the Cushing, Oklahoma delivery base for U.S. crude futures in the week to July 22 weighed down crude prices, said traders who saw the numbers. A massive overhang