May 03, 2012 at 15:22 PM EDT
CORRECTED-UPDATE 1-Magellan Midstream sees a sound future for Cushing business
NEW YORK, May 2 (Reuters) - Magellan Midstream Partners sees a sound fundamental outlook for business at the glutted crude oil storage hub in Cushing, Oklahoma, even as pipeline carriers prepare to draw a significant portion of its supply to Gulf refineries, the company told investors and analysts Wednesday during its first-quarter earnings conference call.
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