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Traders turn to Cushing as oil stockpile increases

 
BY RANDY ELLIS    Comment on this article Leave a comment
Published: February 1, 2009
photo - Cushing is sometimes referred to as the pipeline crossroads of the world. It is important to world oil markets because it is the place where buyers officially take delivery from sellers of light sweet crude oil traded on the NYMEX futures market. PHOTO BY MATT STRASEN, THE OKLAHOMAN
Cushing is sometimes referred to as the pipeline crossroads of the world. It is important to world oil markets because it is the place where buyers officially take delivery from sellers of light sweet crude oil traded on the NYMEX futures market. PHOTO BY MATT STRASEN, THE OKLAHOMAN

CUSHING — The eyes of world oil traders have focused on tiny Cushing in recent weeks as oil stockpiles have soared, while happy traders have been cashing in on a golden opportunity to make easy money.

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Related Topics: U.S. Markets, Business, Financial Markets, Oil Prices, Commodity Markets, Options and Futures Markets, Derivatives Markets, World Markets



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