Oil prices touched $50 and quickly faded, repeating a pattern from last week amid warnings from analysts that oil’s strongest rally in seven years may have gone too far on tenuous factors. At $50, oil has rallied about 90% in less than four months, even though near-record-high inventories haven’t drained. Unexpected supply disruptions from places like Canada and Nigeria have pushed prices to a nearly eight-month high, but many factors suggest they are temporary and analysts have warned they can’t sustain high prices alone. The Organization of the Petroleum Exporting Countries is also expected to do very little to cap supply or help boost prices when its members meet Thursday. That view was reinforced Tuesday by United Arab Emirates’ energy minister, Suhail bin Mohammed al-Mazrouei, who said the market was correcting itself in line with OPEC policy. Prices dropped from small gains around the same time news outlets reported […]