Oil prices faded, undoing a small rally Friday as traders showed skepticism that a surge of U.S. production is leveling off. Several banks and analysts are warning that oil’s steady gains this month came from a false premise of sputtering production. U.S. producers aren’t shutting down rigs as quickly as they once were and several countries around the world are trying to put more of their crude onto the market. “There’s not necessarily a lot of belief in the front of the market,” said Ric Navy, senior vice president for energy futures at brokerage R.J. O’Brien […]