US Crude Storage Outlook - Flat

For the week ending March 14, we have a small crude draw of 0.31 million bbls.

Readers need to keep in mind that in last week's EIA oil storage report, our modified adjustment showed a large negative figure (-900k b/d). This could be partly due to a mismatch in export/import.

If there's some level of catch-up in this week's report, EIA will likely show a build of 3-5 million bbls.