U.S. Cushing Crude Inventory Falls to 21.6M Barrels Near Operating Limit

According to CNN, Cushing crude oil inventory fell to 21.6 million barrels on June 12, approaching the industry-recognized operating warning threshold of approximately 20 million barrels. Cushing, located in Oklahoma and serving as the delivery hub for WTI futures, typically holds about 40 million barrels, with maximum storage capacity of 75 million barrels, according to latest data from the U.S. Energy Information Administration.
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