US Crude Storage Outlook - Big Draw

For the week ending September 20, we have a crude draw of 8.62 million bbls. Relative to the 5-year average build of 0.593 million bbls, this draw will be considered bullish.

If EIA reports something similar, US commercial crude storage will fall below ~410 million bbls.

Now looking at our US crude storage projection, this is what we are seeing: