U.S. Crude Oil Stockpile at Cushing Drops to 21.6M Barrels, Nearing Operational Limit

According to CNN citing U.S. Energy Information Administration data, crude oil inventory at Cushing, Oklahoma—America's primary oil delivery hub for West Texas Intermediate futures—dropped to 21.6 million barrels on June 12, approaching the 20 million barrel operational warning level. Cushing typically holds about 40 million barrels and has a maximum storage capacity of 75 million barrels.
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