Even Bloomberg News is paying attention to the declining amount of oil held at Oklahoma’s Cushing Hub, a matter reported eariler in the week by OK Energy Today.
Cushing, the delivery point for benchmark U.S. crude futures, dropped under 22 million barrels in the past week and has been on a downward slide for the past few months.
Bloomberg explained the low levels at Cushing have forced some traders to pay more for last-minute supplies at the northern Oklahoma site.
Click here for Bloomberg