Cushing inventories are sharply lower than last year… EIA

by Jim Colburn • Thursday, October 4, 2018

Cushing inventories declined sharply from last year… Here is the EIA’s “This Week In Petroleum”:

”Crude oil inventories held at Cushing, Oklahoma, decreased by more than half since this time last year, recently falling to lows last reached in 2014. Logistical factors and strong demand for crude oil from both domestic refining and exports markets have contributed to the steep year-over-year decrease.”

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