Cushing Oil Storage Nears A Record Low Amid Mideast Fears
EIA's weekly report puts Cushing, Oklahoma inventories at 20.044 million barrels for July 10, 2026, versus 22.6 million a year earlier.
- The current level sits barely above January 2025's record low of 20.038 million barrels.
- Stocks have nearly halved from 33.5 million barrels in July 2024, two years ago.
- Cushing is NYMEX's official delivery point for West Texas Intermediate crude futures contracts.
Why it matters: When the delivery point runs dry, the paper price stops being able to hide the shortage.
U.S. Energy Information Administration (EIA), Weekly Petroleum Status Report - Cushing, OK crude stocks ↗ · Jul 20, 20267/20/26 · ✓ Checked✓ Check