Oil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their highest since mid-2015, supported by an extension of output cuts agreed last week by OPEC and other producers. Drillers in the United States added two oil rigs in the week to Dec. 1, bringing the total count up to 749, highest since September, energy services firm Baker Hughes said in its closely followed report late on Friday.
U.S. West Texas Intermediate was down 46 cents, or 0.8 percent, at $57.90 a barrel at 0431 GMT. Brent futures were down 39 cents, or 0.6 percent, at $63.34 a barrel.
The U.S. rig count, an early indicator of future output, gained sharply from 477 rigs active a year ago after energy companies boosted spending plans for 2017.
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