17.9 C
New York
Monday, May 23, 2022

Crude stockpiles at Cushing climb to highest in over a year: EIA

Crude stockpiles at Cushing climb to highest in over a year: EIA© Reuters. A sign built out of a pipeline that reads “pipeline crossroads of the world” welcomes visitors to town in Cushing

NEW YORK (Reuters) – Crude stockpiles at Cushing, Oklahoma, the delivery point for U.S. oil futures, last week rose by 1.4 million barrels to 42.6 million barrels, the highest since Jan. 2018, the Energy Information Administration said on Wednesday.

Meanwhile, weekly U.S. Gulf coast commercial imports last week dropped by 371,000 barrels per day (bpd) to 1.6 million bpd, the lowest since September 2017, the data showed.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Popular Articles