For the week ending Feb 14, we have a small crude draw of 0.4 million bbls. This compares to the 5-year average build of 3.475 million bbls.
Just a heads up, we are being conservative with our estimate this week. Judging by the 3-2-1 crack spread movement, we suspect US refinery throughput is higher, which should show a larger crude draw. It is very likely that EIA reports a higher crude draw than our figure.
Looking at US crude storage balance, this is what we see: