Cushing crude stocks in focus


Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 1, 2018.

Benjamin Lowy | Getty Images

Oil prices slipped on Wednesday, with U.S. crude falling for a third day after an industry report that stocks at the Cushing delivery hub for the benchmark rose last week, shrugging off a drop in overall inventories.

Brent crude was down 15 cents, or 0.2%, at $61.44 a barrel by 0118 GMT after gaining 2 cents on Tuesday.

U.S. West Texas Intermediate (WTI) crude was down 18 cents, or 0.3%, at $55.36 a barrel, having dropped 0.5% in the previous session.

Crude stocks at the Cushing, Oklahoma, delivery hub for WTI rose by 1.2 million barrels, the American Petroleum Institute…


Puma sees basketball and retail stores as the ways to fuel its rapid growth

Previous article

Jim Cramer’s ‘Mad Money’ recap & stock picks Oct. 29, 2019

Next article

You may also like

Leave a Reply

Notify of

More in Energy