Oil prices fall as concerns over global fuel glut re-emerge

By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell on Wednesday, pulled down by a report of surging U.S. crude inventories, rising output in Nigeria and squabbling among producers about a planned output cut, which together re-ignited concerns over a global supply glut. U.S. West Texas Intermediate crude oil futures were trading at $49.34 per barrel at 0012 GMT, down 62 cents, or 1.24 percent, from their last settlement. International Brent crude futures were down 53 cents, or 1.04 percen