Bakken Weakens to Three-Week Low on Pipeline Restrictions
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Bakken crude weakened to the smallest premium over West Texas Intermediate oil in three weeks as Enbridge Inc. apportioned deliveries on pipelines in the region.
Enbridge said Sept. 21 that shippers would have to cut requests to transport oil by 8 percent on two pipelines from Alberta to Superior, Wisconsin; by 10 percent on a line connecting Superior to Sarnia, Ontario; and by 15 percent on a line connecting Superior to the Griffith-Hartsdale area in Indiana.