The nation’s crude oil supplies made a tumble in the most recent reporting period cited by the U.S. Energy Information Administration. But the Cushing Hub recorded an increase.
Stocks totaled 814.1 million barrels of crude oil as of the week of Dec. 13, down from 814.5 million barrels reported the previous week of Dec. 6. It represented a decline of 0.4%.
A year earlier, the U.S stocks totaled 796.2 million barrels and the most recent figure resulted in a 2.3% increase.
Cushing’s crude oil storage totaled 23 million barrels, up 100,000 barrels from the 22.9 million cited the week of Dec. 6. But the most recent total was down more than 29% compared to a year ago when the Cushing Hub held 32.5 million barrels.