Where finance and media intersect with reality


US oil is approaching Mad Max mode


Cushing Oklahoma is where crude that settles under the CME's West Texas Intermediate contract must be delivered. Whenever there is a big discrepancy between the price of WTI and Brent (the latter of which trades more internationally) there is often a big incentive to store US crude there. The tankage system at Cushing, however, has […]

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