US oil depots in crisis

Oil reserves stored in the largest US oil depot are rapidly declining and approaching a critical point, according to Bloomberg.

The interesting thing is that the last time this happened, the price of oil reached over $ 100 per barrel.

Oklahoma Cushing Reserves is the main oil storage facility in the United States and there should always be a minimum amount of oil stored for normal operation.

Oil brokers estimate that volume is equivalent to 20 million barrels of oil. The main point here is that this year we have seen in an unnatural way that in the last two weeks the volume of oil reserves in these reserves has decreased by 4 million barrels and has now reached the limit of 30 million barrels.

Experts expect that as demand for US light sweet crude increases, the oil stored in these reserves will also decline rapidly.

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