Tuesday, March 4, 2025
Cushing oil storage tanks -oilandgas360

A Drop at Cushing Keeps Prices Afloat

Crude oil inventories rose 2.35 MMBO last week Crude oil inventories grew by 2.35 million barrels in the week ended January 13, 2017, according to the EIA. Economists were expecting a build of approximately 0.13 MMBO, according to information compiled by Bloomberg, but the effects of the larger than anticipated gains were offset some by a draw in Cushing, Oklahoma.