Cushing crude stocks slide lower

The Heart of the Matter - Everything You Need to Know About the Cushing Oil Hub | RBN Energy


Indicative of what is happening to the crude oil supply in the U.S., the amount in storage at the Cushing hub in Oklahoma fell again in the past week.

The U.S. Energy Information Administration reported 23,778 million barrels of oil are on hand at the northern Oklahoma hub. That’s a decline of 2,049 barrels of oil over a week.

Cushing, Oklahoma Is the Center of the Oil Universe

At the start of the year, Cushing had storage of 34,838 million barrels of oil.

A year ago, the hub had storage of 48,044 million barrels of oil.