- forecast: an increase of 0.625 million bbls of oil
- actual: a decrease of 1.047 million bbls of oil; oilprice.com said this was in-line with analysts expectation, although API forecast a slight build
- the EIA data will be released Wednesday morning, 10:30 a.m. EDT
- oilprice.com headline: "oil prices head higher after API reports crude inventory draw"
- at close: WTI was up 30 cents for the day; trading at $66.52
- 30 cents / $66.52 = 0.4%
- technically, the headline was correct -- "oil prices were higher" -- 0.4%
| $66.52→ | 4/17/2018 | 04/17/2017 | 04/17/2016 | 04/17/2015 | 04/17/2014 |
|---|---|---|---|---|---|
| Active Rigs | 59 | 52 | 29 | 93 | 186 |
Seven new permits:
- Operators: Kraken Operating (6); Hunt Oil
- Fields: Epping (Williams); Brooklyn (Williams); Ross (Mountrail)
- Comments: Kraken Operating has permits for a 6-well Kraken pad in NENE 25-155-99
- Sinclair: four Yauch permits, in McKenzie County
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