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United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from -0.74M to -1.069M
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: a decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
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