API: Largest Crude Oil Draw This Year -- June 30, 2020

API weekly estimate:

• largest crude draw this year -- link here;
• forecast: an inventory draw of less than a million bbls
• a draw of 8.156 million bbls for the week ending June 26, 2020
• EIA data tomorrow

Closing prices after data released:

• OPEC basket drops -- this is terrible news for Saudi Aramco, Prince MbS; link here;
• WTI up a bit