Crude supply dwindles again at Cushing

USD Partners Increase Connectivity at Stroud Terminal at the Cushing Hub | Pipeline and Gas Journal


The crude oil supply at the Cushing hub in northern Oklahoma fell again in the most report report from the U.S. Energy Information Administration.

The supply as of June 3 totaled 23.4 million barrels of oil, a fall of 1.6 million from May 27 when the total was 25 million barrels.

One year ago, Cushing had a supply of 45.7 million barrels of crude oil.

U.S. crude stockpiles rise despite Cushing draw, record fuel demand - EIA | Reuters

Ever since the first of the year when Cushing held 34,838,000 barrels of oil, the supply has been sliding downward according to the EIA.