A potential squeeze on oil supply if Kurdish crude flows suffer disruption after the region's independence vote has pushed Brent futures' premium over rival benchmarks to multi-year highs. As global inventory levels fall and oil supply aligns itself more closely to demand, the oil market's sensitivity to any unexpected disruption is growing. Brent has risen by 36 percent so far in the third quarter, and is set for its strongest performance between July and September since 2004.
Cushing crude oil inventories rose on September 15–22, 2017. A rise in Cushing crude oil inventories is bearish for crude oil (UWT) (DWT) (USO) prices.
Investing.com - Crude oil prices rallied to their best levels in months on Monday, as optimism that the market was well on its way towards rebalancing added to bullish momentum.