Oil prices fall as production creeps up ahead of announced 2017 output cut

By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. West Texas Intermediate (WTI) crude futures were at $51.49 a barrel, down 52 cents, or 1 percent. Traders said price falls were triggered by rising production just after last week's accord between the Organizati