Friday, November 30, 2007

Oil prices retreat after spiking by over four dollars as Canada-U.S. pipeli...

Oil prices jumped over four dollars on Thursday after pipeline carrying crude oil from Canada to the U.S. Midwest caught fire. Two workers who were fixing the underground pipeline were killed when fumes apparently escaped and ignited the blaze in Clearbrook, Minnesota. The pipeline has the capacity to supply 17% of domestic crude imports.

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