US Crude Storage Outlook - Here's How You Will Know If We Are Right On US Oil Production

Oct 29, 2024

∙ Paid

For the week ending Oct 25, we have a crude build of 5.21 million bbls. This is higher than the 5-year average of +2 million bbls. The market will want to see product draws compensate for the higher crude build.

Looking at the incoming US crude storage trend, this is what we see and depending on the trajectory of US oil production, this is what you should know:

HFI Research

US Crude Storage Outlook - Here's How You Will Know If We Are Right On US Oil Production

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