Oil price surges after US pipeline shuts down

  • Business Premium
  • Saturday, 11 Sep 2010

NEW YORK: Oil prices surged Friday after a pipeline that delivered oil to U.S. Midwest refineries was shut down, raising questions about how long the supply may be disrupted.

Benchmark oil for October delivery rose $2.20 to settle at $76.45 a barrel on the New York Mercantile Exchange.

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