Insight
A look at Cushing inventories through an uncertain year
Report summary
As the delivery point of the NYMEX WTI contracts, stock changes at the Cushing, OK, hub can heavily influence benchmark US crude prices. Cushing once again became a critical focal point in 2020 as the coronavirus pandemic caused a manic scramble to secure storage. This insight details Genscape’s reporting on significant inventory changes in Cushing and the relationship with WTI price movements in 2019 and 2020.
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