U.S. Crude Oil Storage at Cushing Hits 21.6M Barrels, Approaching Critical Levels

According to CNN on June 12, crude oil inventory at Cushing, Oklahoma—the primary delivery hub for U.S. West Texas Intermediate futures—has fallen to 21.6 million barrels, approaching the industry-recognized operational threshold of around 20 million barrels. Cushing typically holds about 40 million barrels under normal conditions and has a maximum storage capacity of 75 million barrels. The steep drawdown underscores growing energy supply risks amid ongoing Middle East tensions.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments