CBC.ca | Oil price drops to 12-year low just above $26 a barrel CBC.ca The catalyst was U.S. government numbers showing oil storage tanks in the oil hub of Cushing, Oklahoma were holding 523,000 more barrels this week, and now store 64.7 million last week. That's close to their maximum capacity of about 73 million barrels. Cramer: Yellen & oil-World's most dangerous game Dow sinks 250 points as oil dives below $27 Oil drops below US$27, gold soars |