Official U.S. government data shows that storage at the key crude oil hub in Cushing, Oklahoma, was just 70% full as of mid-April. Traders say that is bunk - because whatever is left is spoken for by firms sending oil to the hub right now.
UK: No vacancy: Main U.S. oil storage in Cushing is all booked
Reviewed by Shahid Karimi
on
April 21, 2020
Rating: 5
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