In a historic meeting, Texas Railroad Commissioners took testimony from 58 different parties discussing intervention to balance oil markets.

Analysts offer cautious praise as OPEC declares a record commitment of 23 countries to cut 9.7 MBPD.

At an “emergency virtual meeting” OPEC+ outlined an unprecedented agreement for 11MBPD in production cuts, some say it could fall through.

Oil futures plummeted into the $30's after Saudi Arabia slashed prices and ramped up production in response to Russian reluctance to cut.