Brent dropped $1.96, or 5.4%, to $34.10 a barrel, WTI declined by $2.41, or 7.1%, to $31.51.

Oilfield services companies have lost approximately 49% of their market capitalization since the beginning of this year.

Argentina's oil-producing provinces applauded the reference price as well as an elimination of the 8% export tax when Brent is less than $45/b.

Brent rose 42 cents, or 1.2%, at $36.17 per barrel, WTI climbed 40 cents, or 1.2%, to $33.89.

Brent were up 10 cents, or 0.3%, at $34.75 per barrel, WTI were down 2 cents at $31.94 a barrel

Brent climbed 25 cents, or 0.7%, to $35.06 a barrel, WTI was up 43 cents, or 1.4%, at $32.25 a barrel

To change the current paradigm, the industry will need to dig deep and tap its proud history of bold structural moves, innovation, and safe and profitable operations in the toughest conditions. The winners will be those that use this crisis to boldly reposition their portfolios and transform their operating models. Companies that don’t will restructure or inevitably atrophy.

Brent was up $1.06, or 3.3%, at $33.56 a barrel, WTI was up $1.29, or 4.4%, at $30.72 a barrel

U.S. gold futures gained 0.8% to $1,770.50.

Brent was up $1.21 cents, or 3.9% at $32.34 a barrel, WTI was up 92 cents, or 3.3%, at $28.48 a barrel after reaching $28.54