Keystone Oil Pipeline Segment Shuts, Sending Futures Higher
- Segment shut from Hardisty, Canada, to Steele City, Nebraska
- TC Energy crude pipeline has long history of ruptures
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TC Energy Corp’s Keystone oil pipeline, which transports heavy Canadian crude to the US Midwest and Gulf Coast, partially shut Thursday, sending oil futures higher in post-settlement trading.
Pressure dropped on a segment of the line running from Hardisty, Canada, to Steele City, Neb., according to a Wood Mackenzie report seen by Bloomberg. The pressure drop indicates the line stopped moving oil.