Cushing’s falling crude oil storage affects global markets

Oil Plunge Sets Off Search For Tanks, Revives Dormant Cushing Storage Trade  | Hart Energy

 

The slipping amount of crude oil stored at the Cushing hub in north central Oklahoma has left investors nervous and at the same time is being blamed for the latest jump in oil prices.

Bloomberg continues to focus on the Cushing site that is not only America’s largest oil storage hub but also one of the largest in the world.

 

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