Letters: Oil production

Letters: Oil production

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In an unusual move, the Saudis pledged to increase production of oil into a coronavirus shocked energy market sending Brent Crude futures on a tumble to $33.19 per barrel in late Sunday (March 8) trading.

The drop in wholesale pre-refinery prices will send a downward number to the retail pumps. That is bad for producers like Texas and North Dakota, but great for consumers and shippers.

Wayne Mayo

Scappoose, Ore.

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