Oil prices fell Friday as supply data raised concerns that the global glut of crude won’t shrink as quickly as some traders expected. Oil prices have surged in recent weeks on a weaker U.S. dollar, production outages in some regions and continued falling output in the U.S. Benchmark U.S. oil prices rose 20% this month, and global benchmark Brent crude rose 22%. But the global crude market remains oversupplied, analysts say, and some expect prices to fall from current levels. “The burning question near-term is whether or not there is enough momentum to carry crude oil to $50/barrel,” said fuel distributor TAC Energy in a note. “There is some doubt that this steady, somewhat tranquil climb higher can continue.” U.S. oil production fell by 51,000 barrels a day, or 0.6%, in February to 9.1 million barrels a day, the Energy Information Administration said Friday. Multiple forecasters had called […]