Oil Falls for First Day in Three as Enbridge Works on Pipeline
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Crude oil fell for the first time in three days as Enbridge Energy Partners LP said it expects to finish welding a replacement section into a pipeline today that was shut last week.
Oil dropped 0.5 percent as crews worked to attach the second side of a 12-foot section on Enbridge’s Line 6A, which transports 670,000 barrels a day of Canadian crude to refineries in the central U.S. Prices rallied earlier today as the dollar declined to a 15-year low against the yen, bolstering the appeal of commodities as an investment.