21.86% increase in price in 1 day.
Sadly, it's too late to help anyone that's already lost their oilfield related job.
But still, could be a good sign.

Ice pick, where did you see this? The chart I follow shows it fell again today. Mine may not be updating correctly.

I didn't see it.
I heard it on SiriusXM at close of business today.
Here's what CNBC posted earlier today;

Demand is so low. So low. It's just so so low.

This is something many people don't know but demand is down people! I tell them this and they say, oh we did not know that.

Today the Saudis agreed to cut production by 10 million barrels a day...or so. That's what they tell me.

Look, many people don't know this, but that's a lot of oil.

Good Texas needs those jobs

Yep

I almost felt guilty filling up today for $1.28.

That’s at least a step in the right direction.

Um, uh, mmmmmm

Is this something Saudi said or was this a reaction to a tweet from you know who.
Color me hopeful but skeptical.

I read where Trump tweeted that he expects that Russia and Saudi can cut between 10 and 15 million barrels a day however the Russians said they have not talked to the US or Saudi about it in weeks.

9 hours ago


Just checked at oilprice.com and they are showing Saudi exporting 9 million barrels a day.

I paid $1.30 at Quick Trip in Plano

I work in the Middle of the West Texas oilfields.

I was told today by a producer that they were scheduled to start shutting in wells by the middle of the month.

The Pipelines are full, the tank farms are full, the production tanks are getting full.

The domestic demand is way down.

Still hard to get excited about 25 dollar a barrel oil, that's really cheap,
Just a bounce before it stats to get bad

It has to get to 25 before it gets to 50, baby steps

Absolutely - i like the way you think.

Just need to get this Corona over with and things go back to rolling again. Then get WTI levelled out at around $65 a barrel then everyone can get back to cranking.

95% of my income is directly related to the manufacturers and service companies in the west Texas oil patch.
And with our manufacturing shut down in Ft. Worth, we cant even build or ship if someone were to place an order.
Which very few are likely to do at these current prices.
Like a whole bunch of other folks my revenue stream is shut totally off for now.

Too late unfortunately. We have let go over 800 company wide. Guys with 10-15yrs in gone like it’s a wet dream. I’m barely hanging on right now