# Cushing storage hub constraints key to historic WTI crude oil price collapse

> Storage constraints at the Cushing, Oklahoma hub were central to the WTI price collapse on April 20, when the contract settled at minus $37.63. The article notes that May delivery contracts faced the risk of storage limits, and spot prices partly rebounded as the June contract took over.

- Date: 2020-04-21 · published 2020-04-21T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/53813-cushing-storage-hub-constraints-key-to-historic-wti-crude-oil-price-collapse
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Full storage at the main US delivery point signals logistical limits on oil supply and can drive extreme price swings that spill into energy-linked input costs.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-12-01 | [Transportation constraints and export costs widen the Brent-WTI crude oil price spread](https://feedsoft.ai/events/68167-transportation-constraints-and-export-costs-widen-the-brent-wti-crude-oil-price.md) | -1.5% | +5.3% |
| WTI | 2020-10-21 | [Why crude-tanker collapse could be long and painful - FreightWaves](https://feedsoft.ai/events/50806-why-crude-tanker-collapse-could-be-long-and-painful-freightwaves.md) | -4.8% | -0.2% |
| WTI | 2018-05-31 | [Explaining The Double Digit WTI Discount \| OilPrice.com](https://feedsoft.ai/events/65179-explaining-the-double-digit-wti-discount-oilprice-com.md) | -5.1% | +11.1% |
| 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 | 2017-08-30 | [Oil prices continue downward trend triggered by Harvey - UPI.com](https://feedsoft.ai/events/69605-oil-prices-continue-downward-trend-triggered-by-harvey-upi-com.md) | +5.8% | +12.2% |

## Sources

- nsenergybusiness.com: https://www.nsenergybusiness.com/analysis/wti-crude-oil-price-collapse/

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