Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 19, 2012 09:37:28

Closed pipeline supports oil prices



ColosseumLower oil supplies to the Midwestern part of the United States support the price of WTI. The company concluded TransCanada Keystone pipeline, which supplies the region of 590,000 barrels a day. The reason for the failure of repair. Pipeline should be shut down for three days. A company spokesperson, however, said that the company intends in coming weeks to increase supply to compensate for a three-day outage. Oil reserves in the United States is adequate, rising by 2.9 million barrels to 369 million, the highest level in the period since 1982. Production rose to 6.61 million barrels per day, the highest level since May 1995. WTI crude oil price is currently is around $ 92 per barrel. and # 160;

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