Inventories at Cushing, the landlocked physical delivery point for WTI fell 3 million barrels last week, according to the EIA, easing concerns of limited storage capacity. Bloomberg
Inventories at Cushing, the landlocked physical delivery point for WTI fell 3 million barrels last week, according to the EIA, easing concerns of limited storage capacity. Bloomberg

Energy

US oil futures continue to fall as supply overwhelms storage capacity

Saudi Arabia and Kuwait have begun implementing production cuts ahead of schedule in an effort to balance supply

Jennifer Gnana
Jennifer Gnana

April 27, 2020