Crude stocks slip nationally but increase at Cushing Hub



While the nation saw a slight decline in its crude oil stocks, such was not the case at Oklahoma’s Cushing hub where there was an increase of  nearly 2 millon barrels of oil.

The U.S. Energy Information Administration reported Wednesday the nation’s crude stocks dropped from 460.9 million barrels recorded on April 26 to 459.5 million barrels as of May 3. The nation’s crude stocks had been on the increase since April 19 when there were 453.6 million barrels.

Cushing’s total went from 33.5 million barrels to 35.3 million barrels, an increase of 1.8 million from late April to early May. It had been down to 32.4 million barrels as of April 19.