Crude oil inventories in Cushing, Oklahoma fell to below 20 million barrels at points during the June 19 to July 10 period, per the Weekly Petroleum Status Report. The inventory draw implies tighter near-term supply conditions, which is mildly supportive for crude prices though the article provides no magnitude of the weekly changes beyond the sub-20m threshold.
Crude oil inventories in Cushing, Oklahoma fell to below 20 million barrels at points during the June 19 to July 10 period, per the Weekly Petroleum Status Report. The inventory draw implies tighter near-term supply conditions, which is mildly supportive for crude prices though the article provides no magnitude of the weekly changes beyond the sub-20m threshold.
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mildly positive
Sentiment Score
0.15
