Crude oil surges as Keystone pipeline shut following leak in Kansas:
Crude oil futures surge Thursday following news the 622K bbl/day Keystone pipeline was shut down in response to an oil leak into a creek in Kansas.
Crude prices already were rising after sinking 11% in four straight down days, boosted by hopes that easing COVID restrictions in China would revive demand.
TC Energy (TRP) said an emergency shutdown and response was initiated at about 8 p.m. CT last night after alarms and a pressure drop in the system, adding booms were deployed to control downstream migration of the release; the volume of the oil release is not yet known.