Cushing Crude Stocks Hit Tank Bottom Lows Not Seen Since 2014

Eight consecutive weekly draws have pushed crude inventories at Cushing, Oklahoma to just above the 20 million barrel threshold widely regarded as functional tank bottoms, the level below which the hub can barely operate. Last week’s decline of roughly 1.6 million barrels was the latest in a sustained run of losses at the facility, which […] The post Cushing Crude Stocks Hit Tank Bottom Lows Not Seen Since 2014 appeared first on the deep dive.