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United States. Cushing Crude Oil Inventories. The value of the indicator has increased from -1.009M to -0.755M
A report on this calendar event is released weekly by the Energy Information Administration.
The presented indicator estimates how the number of barrels of crude oil stored in the warehouses of Cushing, Oklahoma, has changed over the reporting period.
Warehouses located in Cushing are important as they are a delivery point for WTI oil, the benchmark for American crude oil.
Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the fall in quotes of WTI, Brent.
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