Oil fell a sixth day, heading for the longest run of declines since February, as concern prices near $50 a barrel will trigger new U.S. production outweighed government data that showed the nation’s supplies fell. Futures slid as much as 1.4 percent in New York after dropping 6.3 percent the previous five sessions. Completion of drilled but uncompleted wells in the U.S. will accelerate with West Texas Intermediate at $50 a barrel, according to a report from Citigroup Inc. U.S. stockpiles dropped for a fourth week to 531.5 million barrels and remain about 33 percent above the five-year seasonal average, the U.S. Energy Information Administration said Wednesday. Oil’s 80 percent rally from a 12-year low in February is faltering on speculation that higher prices will encourage more output. U.S. producers boosted the number of drilling rigs for a second week and active machines in Canada rose to the highest […]