Cushing Oil Stocks Crash to Seasonal Lows

Cushing oil stocks have crashed to 'tank bottoms,' reaching their seasonally lowest levels since 2005, while the Strategic Petroleum Reserve (SPR) continues to see a significant drain. This decline in oil inventories comes amidst recent drops in oil prices.

17 Jun, 14:41 — 17 Jun, 14:41

Post Share

Sources

Showing 1 of 1 sources

zerohedgeLow68d ago

Cushing Stocks Crash To 'Tank Bottoms', Seasonally Lowest Since 2005; SPR Sees Another Huge Drain

Cushing Stocks Crash To 'Tank Bottoms', Seasonally Lowest Since 2005; SPR Sees Another Huge Drain Oil prices have tumbled in recent days as optimism grew there would be a lasting Middle East peace agreement, which would mean supplies would be back on track - but investors are taking a breather today with prices marginally higher this morning, rising off three month lows (and the 200DMA) after Trump threatened to 'start bombing again' if he doesn't like the deal (or how Iran is b...

By Tyler Durden

Read full article →

PERSPECTA

PERSPECTA

Cushing Oil Stocks Crash to Seasonal Lows

Sources

Cushing Stocks Crash To 'Tank Bottoms', Seasonally Lowest Since 2005; SPR Sees Another Huge Drain

Related Stories

Europol Warns of Rising Violence in European Museum Heists

US Imposes New Sanctions on Iran, Declaring 'Economic D-Day'

Vynohradivka–Vulcănești border crossing damaged in Russian attack in Odesa region

Tornado Strikes Southern France, Injuring Dozens and Damaging Homes

PERSPECTA