US Crude Oil Inventories Rise Slightly Week-Over-Week -- June 28, 2017

Active rigs:

$44.07	6/28/2017	06/28/2016	06/28/2015	06/28/2014	06/28/2013
Active Rigs	59	30	75	191	189

RBN Energy: natural gas takeaway constraints pose challenge for crude oil production in the Permian. This sounds vaguely similar to the early days of the Bakken boom in Norht Dakota.

Failing. That OPEC cut in production? It's not working. Apparently crude oil inventories in the US rose slightly week-over-week. The forecast had been for a slight decline. US crude oil inventories rose by 851,000 bbls. At this rate, it will take 71 weeks to re-balance:

Week	Date	Drawdown	Storage	Weeks to RB
Week 0	Apr 26, 2017		529.0	180
Week 1	May 3, 2017	0.9	528.0	178
Week 2	May 10, 2017	6	522.0	29
Week 3	May 17, 2017	1.8	520.2	95
Week 4	May 24, 2017	4.4	515.8	38
Week 5	May 31, 2017	6.4	509.9	41
Week 6	June 7, 2017	-3.3	513.2	60
Week 7	June 14, 2017	1.7	511.5	63
Week 8	June 21, 2017	2.5	509.0	62
Week 9	June 28, 2017	-0.2	509.2	71