API report today set to normalize levels possibly.With constant draws my expectations is we see some builds in Oil and Gas.
Espcially with the increase in OPEC + August production. I would be very surprised to see any draws this week or next. This price has baked in some increase in production so we will see.
Note last year this week the API reported the following including a major gas build.
Aug 18 2020 - Oil - -4.264M (draw)
Aug 18 2020 - Gas - +4.991M (build)
Aug 18 2020 - Dist - -864K (draw)