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Cushing Inventories Are near a 12-Week High

Gordon Kristopher
Cushing Inventories Are near a 12-Week High

The EIA estimates that Cushing inventories increased by 0.4 MMbbls (million barrels) to 35.7 MMbbls on April 20–27. Cushing inventories also rose for the seventh time in eight weeks. However, the inventories dropped by ~31 MMbbls or 46% YoY (year-over-year).