Oil prices fall as U.S. drillers add rigs, traders cut long positions

By Henning Gloystein SINGAPORE (Reuters) - Crude prices fell over 1.5 percent on Monday after U.S. oil drillers added rigs and producers adapt to cheaper crude, with speculators cutting positions betting on further price hikes. International benchmark Brent crude oil futures were trading at $47.19 per barrel at 0645 GMT, down 82 cents, or 1.71 percent, from their previous settlement. U.S. benchmark West Texas Intermediate crude futures were down 86 cents, or 1.87 percent, at $45.02 a barrel.