Cushing Crude Stocks Drop to Five-Year Low Amid Supply Squeeze

CUSHING, Okla. — Crude oil inventories at the Cushing storage hub fell sharply last week, hitting their lowest level since 2020 as domestic supply tightened and demand held steady, according to federal energy data released Wednesday.For the week ending June 28, crude stocks at Cushing declined by 1.49 million barrels to 20.73 million barrels, down from 22.22 million the previous week, ...

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