Cushing oil hub continues with its fall in stored crude oil

Cushing, Oklahoma: Small town is holding illions in black gold


The Cushing hub continues in its declining amount of crude oil in storage.

The U.S. Energy Information Administration on Wednesday reported the latest total in storage as of December 2 is 23.9 million barrels, a drop of 400,000 barrels from Nov 25, 2022.

As of late October, the hub held 28.2 million barrels of crude oil. Since then, the amount in storage began a continuing decline, falling 100,000 barrels on Nov 4; 1.6 million barrels on Nov. 11 and 900,000 barrels on Nov 18, 2022.