Here's why the storage hub in Cushing, Oklahoma, matters to oil

Here's why the storage hub in Cushing, Oklahoma, matters to oil

Business Insider

Published

By Dan Brusstar and Russell Karas, CME Group

· The crude oil hub in Oklahoma provides the physical delivery mechanism for the benchmark WTI futures contract.
· As global economies reopen, oil stocks in Cushing have been drawn down to 51 million barrels in storage since the peak of 65.4 million barrels on May 1.
·...

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