Western Canadian Crude Plunges as Cushing Stockpiles Increase
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Western Canada Select oil tumbled to the weakest level since at least 2008 as crude supplies at Cushing, Oklahoma, swelled to the most in seven months.
Inventories last week in Cushing, the largest U.S. storage hub, increased 2.37 million barrels, or 7 percent, to 36.2 million barrels, the most since July 22, the Energy Department reported today.