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Free AccessWTI Surges Higher on Keystone Pipeline Outage
WTI futures and the prompt spread surge higher after reports of a shutdown in the Keystone Oil pipeline following a leak in Nebraska.
- TC Energy Corp. said it shut the Keystone oil pipeline system after a leak near Steele City, Nebraska. The pipeline can carry more than 600kpb of crude.
- The affected segment has been isolated and the system shut down with work to contain and recover the oil.
- WTI JAN 23 up 3.7% at 74.7$/bbl
- Brent FEB 23 up 2% at 78.72$/bbl
- WTI-Brent up 0.61$/bbl at -4.14$/bbl
- WTI JAN 23-FEB 23 up 0.39$/bbl at 0.12$/bbl
- WTI FEB 23-MAR 23 up 0.3$/bbl at 0.06$/bbl
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.