Keystone Oil Pipeline Shuts and Oversupplied U.S. Market Shrugs
- Alberta-Illinois line carries quarter of Midwest oil imports
- U.S. supplies near 80-year high mean no shortage of crude
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This week’s shutdown of the Keystone oil pipeline has stopped up the route for roughly a quarter of the crude flowing into the U.S. Midwest.
To which the oil market has essentially said: Eh.