U.S. Cushing crude oil inventories posted a modest decline, with the latest reading coming in at 0.106 million barrels, down from the previous level of 0.280 million barrels. The update, published on 12 November 2026, points to a further drawdown at the key Oklahoma storage hub that serves as the delivery point for U.S. crude futures.
The reduction in Cushing stocks, while not large in absolute terms, suggests a gradual tightening of available supply at one of the most closely watched storage locations in the global oil market. Traders and analysts will be monitoring upcoming reports to see whether this trend continues, as sustained draws at Cushing can influence pricing dynamics and market expectations for U.S. crude availability.
