Crude Oil Retreats as TransCanada Resumes Supply
Crude oil fell to the lowest since October 10 today. Crude declined as TransCanada Corp. that it is going to restart its Keystone pipeline today that will resume supplying oil to the United States. Signs of global economic slowdown also weighed on crude. Japan’s exports slumped as much as 10.3 percent in September from a year ago, the worst drop since May 2011.
Earlier, there were rumors that the USA agreed to have
Crude oil (light sweet) went down from $90.63 to close at $89.15 per barrel as of 22:54 GMT on NYMEX today. Brent crude fell $0.7 (0.64 percent) to $109.44 per barrel on ICE today.
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