FX.co ★ Cushing Crude Oil Inventories Show Significant Decrease of 0.692 Million Barrels

The latest data on Cushing crude oil inventories in the United States revealed a substantial decrease of 0.692 million barrels. This drop marks a significant shift from the previous indicator, which stood at an increase of 0.033 million barrels. The most recent update brings the current inventory level to -0.659 million barrels. The data, last updated on 24 April 2024, indicates a notable downward trend in oil inventories at Cushing, a key hub for crude oil storage in the U.S. The shift in inventory levels could have implications for oil prices and market dynamics in the coming days as investors analyze the supply-demand balance in the oil market.