RE:RE:RE:RE:RE:RE:Cushing running lowAs another thought, it has been said ever since the WTI contract was given as a basis for futures trading, that it was a very poor choice because it was based on a landlocked storage hub. This definetly became an issue with the expiry of the May 2020 futures contract which settled at minus 37
dollars due to a complete lack of Ullage at Cushing. The polar opposite could also occur whereby WTI goes thru the roof as inventorie hit bottoms. OTOH it will not be so spectacular as I am sure Consumers of Crude will have their own inventories and there is always the SPR. But then again, Trading companies of course try to amplify the price swings rather than attenuate them !! So it could be interesting to watch !!