https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Could-Explode-As-US-Largest-Storage-Hub-Nears-Empty.html
Cushing crude storage fell to 31.2 mb last week as noted in the chart above. And because operational tank bottoms are likely 20-25% of capacity- or about 20 mb - JPM predicts that "we could be just weeks away from Cushing being effectively out of crude" and adds that "if nothing were to change in the Cushing balance over the next two months, we might expect front WTI spreads to spike to record highs—a “super backwardation” scenario."
Wow..!! Cushing out of crude and in time for Buffalo
https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Cou...
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