Oil slides as U.S. drilling recovery outweighs OPEC-led cuts

By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices fell nearly 2 percent on Monday as signs of a strong recovery in U.S. drilling overshadowed news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December. Ministers representing members of the Organization of the Petroleum Exporting Countries and non-OPEC producers said at a meeting in Vienna on Sunday that of the almost 1.8 million barrels per day (bpd) they had agreed to be taken out of the market, 1.5