As U.S. Oil Exports Boom, Gulf Coast Replaces Cushing as Key Trading Hub
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Cushing, Oklahoma, the biggest US oil storage hub, is losing relevance as a signal for domestic supply and demand due to increasing oil exports.
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Traders are shifting attention to the Gulf Coast as the main US oil export center.
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US oil futures may not fully reflect physical market realities anymore, making trading riskier.
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The US routinely exports over 4 million barrels of oil per day, integrating domestic and global oil markets.
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As the US role in global oil markets grows, futures trading may shift to reflect Gulf Coast rather than Cushing supply/demand.