- Shares of energy companies that use the Dakota Access Pipeline to ship crude oil trade higher amid reports that the U.S. Army Corps of Engineers is unlikely to recommend a shutdown.
- Pipeline operator Energy Transfer (ET +3.1%) is up sharply, while 25% stakeholder Phillips 66 Partners (PSXP +5.3%) surged as much as 9% to its highest since last August.
- Shares of North Dakota oil producers are higher, including OAS +4.8%, CLR +3.5%, MRO +2.8%.
- Bloomberg reports a U.S. Army Corps official told tribal advocates it does not plan to announce a shutdown of the pipeline during today's federal court hearing to determine whether DAPL can continue to run without a key permit while the Army Corps conducts an environmental review.
- The official said the Army Corps will not ask for another delay and wants to leave the matter in the hands of the judge, according to the report.