FX.co ★ Cushing Crude Oil Inventories Fall to -0.17M in Latest Data Update

In the latest update on Cushing Crude Oil Inventories, data shows a decrease to -0.17 million barrels, reflecting a decline from the previous indicator of -0.377 million barrels. The update, which was last reported on 10 April 2024, indicates a smaller drawdown in oil inventories at the key delivery hub in the United States. The Cushing oil inventories are closely monitored by market participants as they provide insights into the supply and demand dynamics of crude oil in the country. This recent decrease may have implications for oil prices and market sentiment as analysts assess the impact on the overall energy market.