Cushing crude stocks rose 1.86 million barrels while US SPR held steady
Crude stocks at Cushing rose 1.86 million barrels to 26.6 million in the week to October 9, while the SPR held at 283.0 million barrels.
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what happened
Crude stocks at the Cushing hub grew by 1.86 million barrels over the week ended October 9, reaching 26.6 million.
Meanwhile, the Strategic Petroleum Reserve recorded no change and stayed at 283.0 million barrels.
why it matters
Cushing is the delivery point for WTI futures, so a build there often weighs on nearby US crude prices and can widen the gap with Brent. An unchanged SPR means government reserves added no barrels to supply that week.
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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