Oil prices fell for a third-straight session as slowing rig count cuts added to losses that had been mounting because of historically high U.S. supplies. The U.S. Energy Information Administration reported on Thursday that U.S. crude inventories reached another record last week, a sign that cheap prices haven’t begun to affect production yet. The rising supplies led to the oil market’s first weekly loss in nearly a month. Rig counts kept falling in new data released Friday, but the 37-rig decline was less than half of that registered a week ago. That could be a bearish sign that production won’t fall to balance the market as quickly as some had hoped. The day’s losses mounted on the news. Light, sweet crude for March delivery, the U.S. benchmark, settled down […]