Government forecasters lowered their estimates for oil prices and oil traders sold off Wednesday despite further signs that the collapse of crude prices is putting long-term pressure on the U.S. oil boom. The country’s oil production fell to a nearly one-year low and is likely to keep falling for months longer than expected, until next September, the U.S. Energy Information Administration said in its monthly short-term forecast. Drilling has become unprofitable now that crude prices have fallen by more than half since 2014’s peak, the agency said. But for any cut coming from the U.S. and many other nations around the world, the Organization of the Petroleum Exporting Countries will fill the void, EIA said. It raised its expectations for OPEC production, keeping world production virtually unchanged through next year. It is the latest sign that there is no end for a year-long battle to keep customers by flooding […]