API Reports Huge Crude Oil Build -- WTI Plummets -- Drops 47 Cents -- June 9, 2020

API weekly crude oil in storage: large builds "shocks" markets. I'm shocked! Shocked! Fortunately just in time for hurricane season.  

• forecast: a small draw of 1.738 million bbls (note false precision)
• actual: 8.42 million bbls -- wow
• we'll wait for EIA's data to be posted tomorrow before we get too excited
  

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Back to the Bakken

Active rigs:

$38.51	6/9/2020	06/09/2019	06/09/2018	06/09/2017	06/09/2016
Active Rigs	13	64	61	52	27

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Are You Kidding Me?

This Is The Guy That Led The Impeachment Effort 

https://video.twimg.com/ext_tw_video/1270135120704548872/pu/vid/480x270/CaeAOmY46DpKGrcV.mp4?tag=10.