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🌱 Cushing oil inventories jump as crude prices fall
Cushing, Oklahoma Patch AM: a 4 min readMorning Cushing! We've got the scoop on the latest happenings in town. Read on to get looped in. ☕️️
In today's newsletter:
- Cushing oil inventories jump as crude prices fall
- Oil supplier to Cushing strikes $2.1 billion acquisition deal
- Oil benchmark tied to Cushing falls as Wall Street rallies
Today's riddle: What are the two sides of a circle? 🤔 (Answer below!)
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- Wednesday: Partly sunny and pleasant, with a high of 72 and low of 42 degrees.
- Thursday: Plenty of sunshine, temps: high: 67, low: 33.
- Friday: Cooler with abundant sunshine, with a high of 57 and low of 33 degrees.
📰 News we're reading
1. Cushing crude stocks rise 5.1M barrels, WTI prices dip 2%-5% (cryptobriefing.com) — Crude oil inventories at Cushing rose by 5.1 million barrels, according to the American Petroleum Institute, as WTI prices fell to around $84–$85 a barrel. The buildup points to more available supply, though upcoming federal inventory figures could confirm or challenge the industry's findings. 
2. Canadian oil supplier to Oklahoma makes $2 billion acquisition (okenergytoday.com) — Strathcona Resources, a Canadian oil producer that ships crude to Cushing, is buying Greenfire Resources in a deal valued at up to $2.1 billion, including debt. The acquisition combines two oil sands producers, while Strathcona has also committed shipments to a developing cross-border pipeline system connecting with routes to Cushing.
3. Stocks rally: Dow jumps 1,104 points as oil prices fall and chip stocks rebound (thehenryettan.com) — U.S. benchmark crude, whose futures are priced for delivery in Cushing, fell to $86.85 a barrel Monday as oil markets responded to prospects for progress in Iran war talks. Falling oil prices helped fuel a broad stock rally, with the Dow gaining 1,104 points and most chipmakers rebounding.
4. Oil Ends Off Lows as Muted US Inflation Signals Fed Hold (dtnpf.com) — Oil prices finished lower Tuesday but recovered from their steepest losses as inflation data reinforced expectations that the Federal Reserve would hold interest rates steady. Traders were also awaiting industry inventory figures, watching Cushing stockpile builds alongside broader U.S. crude and fuel supplies.
📸 Around Cushing
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★ Featured events ★
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Grief Share →
Love INC Connection Center, 321 E Broadway St., Cushing
6:30 pm
Tuesday November 17
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🗓 Events Nearby
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MSBB-PRAGUE-T-6/7/8/9-4:30PM
Prague Public Schools , OK, USA
4:30 pm -
JH Basketball at Morrison
Yale Morrison, OK 73061, USA
4:30 pm -
MSGB-PRAGUE-H-6/7/8/9-4:30PM
Stroud Route 66 Coliseum, 1086 E Seventh St, Stroud
4:30 pm -
HSBB-DRUMRIGHT SCRIMMAGE-H-4PM
Stroud Route 66 Coliseum, 1086 E Seventh St, Stroud
4:00 pm -
HS Basketball at Frontier
Ripley Public Schools Ripley, OK 74062
6:00 pm -
Yale JH Basketball Tournament
Yale , OK 74085, USA -
MSBB-MEEKER-H-6/7/8/9-4:30PM
Stroud Route 66 Coliseum, 1086 E Seventh St, Stroud
4:30 pm -
MSGB-MEEKER-T-7/8-5PM
Meeker Public Schools , OK, USA
5:00 pm -
HSGB-CROSSINGS/BETHANY-T-4PM
Crossings Christian School, Lower School, 14400 Portla, Kendrick
4:00 pm -
MSBB-OKEMAH-T-7/8-5PM
Okemah High School, 704 W Date St, Okemah
5:00 pm -
MSGB-OKEMAH-H-8/9-5PM
Stroud Route 66 Coliseum, 1086 E Seventh St, Stroud
5:00 pm
Thursday November 12
Friday November 13
Monday November 16
Tuesday November 17
Thursday November 19
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💬 Chatter
What your neighbors are talking about on social media
- Boomarang Diners, Inc.; Boomarang Diner Franchising, Llc posted a job opening for Cook in Cushing. Apply here.
- SmartStyle Salons posted a job opening for Hair Stylist - Cushing, OK - 12326 in Cushing. Apply here. You can search for other jobs near Cushing here.
Ok Cushing! So now you're in the loop about what's happening today. Thanks for reading, and see you in your inbox next time! Oh -- and if you like what you're reading, invite a friend to Patch AM!
-- The Patch AM Team
P.S. The answer to today's riddle: "What are the two sides of a circle?" — The inside and the outside ! (Thank you James M. for sending it in!)
Got a good riddle for PatchAM? Submit it here!
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