I have no idea how true it is that US SPR operational minimum is closer to ~300 million bbls, but at the current trajectory, we will reach ~680 million bbls by the end of July (380 million bbls for US commercial crude and 300 million bbls for SPR).
US crude exports have to shut off, so please expect a major drop in US crude exports after July.
Note: Line past the dot is the estimate for next week's report.