About 400 oil storage tanks in Cushing, Oklahoma are nearly empty as refiners worldwide draw down inventories to cover a global supply shortfall tied to war in the Middle East. The depletion signals tight crude markets and could support higher oil prices and increased volatility across energy and commodities.
About 400 oil storage tanks in Cushing, Oklahoma are nearly empty as refiners worldwide draw down inventories to cover a global supply shortfall tied to war in the Middle East. The depletion signals tight crude markets and could support higher oil prices and increased volatility across energy and commodities.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.35
