(Update) US Crude Storage Outlook - Last Build

For the week ending June 7, we have a crude build of 1.5 million bbls. But given the large discrepancy between our crude draw estimate last week and EIA's small crude build, there are ~7 million bbls of unaccounted for crude balance. As a result, there's a good chance EIA will show a crude draw instead.

Looking at our US crude storage forecast, things are looking good: