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Stock impact report

Cushing Oil Just Hit An All-Time High! [Seeking Alpha]

Whiting Petroleum Corporation (New) (WLL) 
Last whiting petroleum corporation (new) earnings: 2/27 08:30 am Check Earnings Report
US:NYSE Investor Relations: whiting.com/investor-relations
Company Research Source: Seeking Alpha
Summary Over the past few weeks, I have watched oil-related data, specifically US crude and product inventories. However, one area that I have not looked too much into that I believe warrants attention is the amount of oil storage relative to storage capacity in Cushing, Oklahoma. Cushing is generally regarded as the US' major oil hub and what happens there can be a sign of the future for the domestic oil picture as a whole. In what follows, I will look at all of this data and more and give my thoughts on what it should mean for investors in companies like Whiting Petroleum (NYSE: WLL ), Chesapeake Energy Corp. (NYSE: CHK ), Approach Resources (NASDAQ: AREX ), and Legacy Reserves (NASDAQ: LGCY ), as well as for the United States Oil ETF (NYSEARCA: USO ) and other oil-related ETFs moving forward. An update on oil In the past, I have written articles on Cushing but they have been few in number and the last piece I wrote on the oil storage picture there Show less Read more
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