US Crude Storage Outlook - Crude Is Set For A Draw

For the week ending Jan 20, we have a crude draw of 2.26 million bbls. 

Following two weeks of back-to-back large crude builds, this week's estimate will be contingent on the fact that US refinery throughput improved to ~15 million b/d versus ~14.853 million b/d. US crude exports surged to ~4.46 million b/d this week.