Cushing crude stock drop sparks concern

摘要

New York—Crude stocks at Cushing, Oklahoma, declined again last week, boosting speculation that the delivery hub could be reaching its minimum operating level, although that level remains unclear. Cushing crude stocks fell 200,000 barrels to 23.2 million barrels for the May 16 reporting week, according to data Wednesday from the US Energy Information Administration. That puts stocks at the hub at a 43.3% deficit to the five-year average.