The shale revolution helped drive oil prices down to levels not seen in over a decade. Now, some analysts are wondering whether U.S. producers will be able to cap the rally in West Texas Intermediate crude oil futures, which have flirted with $50 per barrel in recent sessions ahead of Thursday’s OPEC meeting in Vienna. And now it’s time to see whether the best cure for higher oil prices is in thousands of drilled but uncompleted wells, according to a team led by Citigroup Inc. Global Head of Commodities Research Ed Morse. The so-called “fracklog” of these wells in major U.S. energy-producing regions has long been touted as a force that could potentially rebalance the oil market and snuff out nascent advances in crude. “U.S. shale has been widely labeled as the short-term ‘swing producer’ in oil markets, and now that will be put to the […]