Home / Market News / Commodities Corner: Why oil stocks at the Cushing, Okla. WTI delivery point appear to be ‘basically empty’

Commodities Corner: Why oil stocks at the Cushing, Okla. WTI delivery point appear to be ‘basically empty’

Backwardation in the futures contracts for U.S. benchmark West Texas Intermediate crude oil implies a shortage of supplies at the Cushing, Okla. delivery hub for the contracts, an analyst told MarketWatch on Friday.

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