US Crude Storage Outlook - Build

Feb 04, 2025

∙ Paid

For the week ending Jan 31, we have a crude build of 4.13 million bbls. Lower-than-normal refinery throughput continues to weigh on crude balances, while US oil production will still be lower than normal due to the freeze-off from the previous week.

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Looking at US crude storage balance, this is what we see:

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US Crude Storage Outlook - Build

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