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US Crude Storage Outlook - SPR Release Strategy Failed

US Crude Storage Outlook - SPR Release Strategy Failed

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HFI Research
Nov 07, 2022
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HFI Research
US Crude Storage Outlook - SPR Release Strategy Failed
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For the week ending Nov 4, we have a crude draw of 1.44 million bbls. This includes an SPR release of 3.6 million bbls.

Even with the SPR release, the crude draw of 1.44 million bbls will be bullish versus the 5-year average build of 1.791 million bbls.

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