Get the Facts: Cushing's oil supply hits critical lows as possible Iran deal looms

Get the Facts: Cushing's oil supply hits critical lows as possible Iran deal looms

Oil tanks in Cushing, known as the Pipeline Crossroads of the World, are only about 30% full — and economists say much of what's left isn't usable as Iran deal looms.

Cushing crude stocks sit less than 2 million bbls above operational floor amid global supply crisis

Cushing crude storage levels have plummeted in recent months. Inventories fell 11.3 million bbls to less than 25 million bbls between early April and early June, according to Wood Mackenzie.