OPEC producers have reached a catch-22 in their quest to rebalance global supply fundamentals for their precious crude oil markets. While deeper cuts are necessary to bring supply and demand to parity, any boost in oil prices that does occur will spur additional output from the United States – a booming player in the international oil game ever since it entered in December 2015. “It seems like OPEC really faces a mission impossible at this time, which is to try to tighten oil markets and to sustain oil prices,” Victor Shum of IHS Markit told CNBC Asia on Monday. New shale output from the Bakken and Permian basins in the U.S. will cut into Middle Eastern and Latin American dominance of the world’s largest crude markets. “They realize that if they tried to jump start prices they would get short-term benefit from increasing prices over the next six months […]