Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, January 6, 2016

U.S. oil storage at record high

U.S. oil storage at record high Louisville, Ky. (UPI) Jan 5, 2016 - The amount of crude oil held at the main U.S. storage hub in Cushing, Okla., set a record to start off 2016, market analysis from Genscape finds. By more than 340,000 barrels, the amount of crude oil in storage in Cushing beat the previous record set April 14, a report finds. Genscape said a combination of year-end tax strategies and fundamentals in the crude oil market were in part beh ... morehttp://www.oilgasdaily.com/reports/US_oil_storage_at_record_high_999.html

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