The American Petroleum Institute estimated on Wednesday a surprise crude oil inventory build of 1.57 million barrels for the week ending January 17, 2020, compared to analyst expectations of a 1.009-million-barrel draw in inventory.
[Comment: a 1.6-million-bbl draw, in the big scheme of things, is "no change" from the previous week.]Libya: irrelevant.
Active rigs:
| $56.13 | 1/22/2020 | 01/22/2019 | 01/22/2018 | 01/22/2017 | 01/22/2016 |
|---|---|---|---|---|---|
| Active Rigs | 54 | 65 | 58 | 38 | 47 |
No activity on the daily activity report today, except for a few corrections regarding yesterday's daily activity report.
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