This article was written by Oilprice.com, the leading provider of energy news in the world. Check out these other articles. Earthquake Case Could Doom Fracking In Oklahoma Saudi Influence On Oil Markets Slipping It appears as if oil prices could be on the verge of a rebound, with new data showing that the U.S. oil patch is hitting an inflection point. While specific shale regions — such as North Dakota’s Bakken and Texas’ Eagle Ford — have posted production declines, overall U.S. oil output managed to edge up in recent months. But now that U.S. production has finally dipped, it may augur a new phase for oil markets in which production cutbacks could lead to higher prices. The Energy Information Administration reported on April 1 that total U.S. oil production fell for the week ending on March 27, falling 36,000 barrels per day to 9.38 million barrels per day. […]