Crude Oil -- Surprise Build -- API -- September 9, 2020

API: it's always a surprise. Analysts expected a draw of 1.335 million bbls. In fact, there was a "surprise" build: a build of almost 3 million bbls. We will wait to see what the EIA reports tomorrow. 

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Active rigs:

$38.05	9/9/2020	09/09/2019	09/09/2018	09/09/2017	09/09/2016
Active Rigs	11	62	66	55	37

No new oil and gas permits.

Two permits renewed:

• EOG: two Burke permits, Mountrail County.