U.S. oil prices will hold below $50 a barrel on average this year and next, government forecasters said Tuesday. Oil prices have tumbled from more than $100 a barrel in mid-2014 to just above $30 a barrel Monday, as a global glut of crude and concerns about demand weighed on the market. Analysts widely expect prices to stay subdued this year as supply continues to exceed demand, but some are calling for prices to rise in the second half of the year as companies cut spending and production falls in the U.S. and elsewhere. The Energy Information Administration, in its monthly short-term energy outlook, cut its 2016 forecast for U.S. oil prices to $38.54 a barrel, down from its prior forecast of $50.89 a barrel. For Brent, the global benchmark, the EIA expects prices to average $40.15 a barrel this year, down from its prior forecast of $55.78 […]