US Crude Storage Outlook - SPR Release Strategy Failed

Nov 07, 2022

∙ Paid

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.

HFI Research