Cushing
Cushing, Oklahoma is the pipeline and tank hub where WTI is delivered, so WTI depends on storage there. When Cushing filled in April 2020 the expiring contract went below zero. Storage is the shock absorber, and US tanks sitting near normal ruled storage out as the 2026 driver.
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On MochatradeSee what you can trade on MochatradeRelated terms
- Crude oil (WTI vs Brent)Crude oil trades as two benchmarks: WTI at the Cushing pipeline hub on NYMEX, and Brent at sea on ICE, which prices…
- Contango and backwardationContango is later futures months priced above nearer ones, the normal state when storage costs money; backwardation is…
- Oil risk premiumThe oil risk premium is the part of the oil price that pays for the chance the next barrel does not arrive, not for…
- Crack spreadThe crack spread is the gap between the price of crude and the products refined from it, petrol and diesel. A refiner…
- HedgingHedging is taking a second position that loses when your first one wins, to cut risk. Market makers hedge every fill…
- 52-week high and lowA 52-week high or low is the highest or lowest price a stock has traded at over the past year, the number scanners and…
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