Tuesday, April 21, 2020

Oil: Texas Railroad Commission To Consider Cut In Production At This Morning's Meeting

From NBC News 5, Dallas Fort Worth:

Texas to Consider Cut in Oil Production as Price Drops Below $0 a Barrel
The Texas Railroad Commission is set to meet on Tuesday to consider a restriction on producers -- the first in nearly 50 years
The Texas Railroad Commission, the regulatory agency that oversees the oil and gas industries in the Lone Star State, will meet on Tuesday to consider mandating a statewide cut in production for the first time in nearly 50 years....MORE 
June futures $14.37 down $6.06 after trading as low as $11.79.
The May's are up $39.28 at a buck sixty five