U.S. Crude Dives After Pipeline Slows Its Pace
Posted on January 23, 2013 at 18:30 PM EST
U.S. crude oil dropped 1.5% Wednesday in heavy trading after a key oil pipeline reduced the volume flowing through it, raising concerns inventories at the Midwest delivery point for the contract might swell further. As prices for international Brent crude held in positive territory following supportive economic data, U.S. crude plunged in afternoon trade after shippers received notification that the newly expanded 400,000 barrel-per-day Seaway