US Crude Storage Outlook - Low Exports Result In Large Crude Build

For the week ending March 7, we have a crude storage build of 9.59 million bbls. This is largely the result of lower-than-normal crude exports and slightly higher w-o-w crude imports.

US crude exports are expected to remain low for next week's report as well, so US commercial crude storage is expected to build.

Looking at our US crude storage forecast, this is what we see: