US Crude Storage Outlook - Looking Tight

For the week ending Sept 22, we have a crude draw of 4.52 million bbls. This includes the SPR build of 300k bbls. A crude draw of 4.52 million bbls would be bullish relative to the 5-year build of 183k bbls.

Looking at our future US crude storage projections, you can see that things are going to be tight: