Insight
A look at Cushing inventories through an uncertain year
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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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