US Crude Storage Outlook - Last Build In Crude Storage, Draw Season Is Upon Us

Note: Due to Memorial Day, EIA report will be published on Thursday. API oil report will be published on Wednesday.

For the week ending May 24, we have a crude storage build of 2.33 million bbls. This is the last crude storage build we see for US commercial crude storage for the next few months.

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