Oil prices fall on profit taking, eyes on China data

By Mark Tay SINGAPORE (Reuters) - Oil prices fell in early trade 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. U.S. West Texas Intermediate futures were down 41 cents, or 0.9 percent, at $45.88 a barrel. Traders said the price falls on Tuesday were an indication that increasing oil drilling activity in the United States was still a concern even as crude prices closed higher on Mo