The Oklahoma News Report

Cushing Oil Hub

Clip: Season 4 Episode 436 | 3m 28s

Crude oil prices are being forced downward, in part, because of the massive amount of crude oil in storage tanks in Cushing Oklahoma. The facility is setting new records each week for the amount that is being held back because of low prices. Steve Agee, Dean of the Meinders School of Business and Oklahoma City University says the oil glut is simply due to the over-production by U.S. producers.

Aired: 03/26/15

Rating: NR

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