Enbridge, Enterprise Jolt U.S. Oil Market With New Cushing Pipe

摘要

In an announcement that prompted a sharp nrise in U.S. oil prices, Enbridge Inc. said nWednesday it will buy ConocoPhillip’s 50 npercent stake in the Houston-Cushing Sea-nway pipeline system for $1.15 billion and re-nverse its fow to allow the huge glut of oil at nthe Cushing, Okla., regional storage hub to nmove to Gulf Coast refneries.