Cushing Crude Oil Stockpiles Rise 6.9%, Satellite Survey Shows
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Crude oil inventories in Cushing, Oklahoma, surged 6.9 percent on Nov. 11 from Nov. 5, according to data compiled by DigitalGlobe Inc.
Stockpiles held in floating-roof tanks at the hub rose 1.9 million barrels to 29.4 million, satellite images taken by the Longmont, Colorado-based company show. The Energy Department said last week that Cushing inventories, including floating and fixed tanks, totaled 31.1 million barrels as of Nov. 4.