# Midwest flooding disrupts U.S. crude, fuel cash markets

> Pipeline outages and refinery shutdowns, partly caused by Midwest flooding, disrupted crude and fuel cash markets. The Ozark pipeline carrying up to 360,000 bpd was shut, and the WTI June/July cash roll fell to minus 40 cents a barrel. Heavy rain in Oklahoma and Arkansas was expected to swell the Arkansas River.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/10414-midwest-flooding-disrupts-u-s-crude-fuel-cash-markets
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Flooding that disrupts pipelines and refineries lowers crude demand at Cushing and weakens the WTI cash market. High river levels can also restrict barge movements on the Arkansas and Mississippi systems, raising grain freight costs.

## Read by commodity

- WTI: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-03-26 | [U.S. ethanol plants cutting output due to crashing demand](https://feedsoft.ai/events/54131-u-s-ethanol-plants-cutting-output-due-to-crashing-demand.md) | -7.5% | -25.7% |
| WTI | 2017-08-31 | [US oil set for biggest monthly loss in over a year as floods hit demand](https://feedsoft.ai/events/69602-us-oil-set-for-biggest-monthly-loss-in-over-a-year-as-floods-hit-demand.md) | +6.8% | +12.3% |
| WTI | 2017-08-28 | [Oil markets roiled as Harvey hits US petroleum industry](https://feedsoft.ai/events/69604-oil-markets-roiled-as-harvey-hits-us-petroleum-industry.md) | -0.9% | +8.9% |
| WTI | 2020-04-21 | [Cushing storage hub constraints key to historic WTI crude oil price collapse](https://feedsoft.ai/events/53813-cushing-storage-hub-constraints-key-to-historic-wti-crude-oil-price-collapse.md) | -32.4% | +73.9% |
| WTI | 2021-02-26 | [Texas, Midwest refiners thaw out their plants after polar vortex](https://feedsoft.ai/events/48821-texas-midwest-refiners-thaw-out-their-plants-after-polar-vortex.md) | +0.6% | -7.8% |

## Sources

- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2019/05/midwest-flooding-disrupts-us-crude-fuel-cash-markets/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.