Oil prices got walloped this week on growing concerns that U.S. shale is coming back too quickly, offsetting the progress made by OPEC. Meanwhile, disrupted Libyan production could come back online, taking one of the few reasons to be bullish away. WTI briefly sank below $49 per barrel on Thursday, but regained a bit of ground at the start of trading on Friday. Lower inventories, higher refining runs…doesn’t matter. U.S. refiners processed a record volume of crude oil last week, according to the EIA. With maintenance season over and refiners ramping up to meet summer demand, they are pulling […]