Though data show U.S. shale oil production may slow, crude oil prices deflate from recent highs. Photo by David Gaylor/Shutterstock The price for Brent, the global benchmark, slid about 1.3 percent from Monday’s close to trade near $57.70 per barrel for the April contract early in Tuesday trading. Brent hit a low mark of around $45.13 per barrel mid January and climbed 37 percent by late February. The rally, however, ran out of steam in March, with Brent crude oil prices down about 5.3 percent since the start of the month. Crude oil prices entered a bear market in June as markets swung toward the supply side in response to gains in U.S. oil production. Prices had dipped to the point that most major oil companies were cutting back on revenue streams for exploration and production, with rig activity in the Bakken oil reserve area of North Dakota falling […]