# Why the Cushing Storage Hub Matters to Oil

> The article explains that Cushing, Oklahoma is the physical delivery point for NYMEX WTI and has about 76 million barrels of working storage. It notes that crude storage levels have peaked and started to fall as demand recovers.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50827-why-the-cushing-storage-hub-matters-to-oil
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Falling Cushing stocks signal tightening WTI supply, which supports crude prices and, through energy costs, the broader cost base for feed production.

## Read by commodity

- WTI: neutral

## Sources

- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2020/10/why-the-cushing-storage-hub-matters-to-oil/

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