US oil pipeline outagesupports NYMEX crude

摘要

New York—NYMEX April crude futures settledat $107.06/b March 16, up $1.95, while ICEBrent futures rallied, as tensions betweenIran and the West continued to prop up theoil market.News that Enterprise Products Partnersshut its US Gulf Coast to Midwest refinedproduct pipeline due to a valve problem at itsterminal in Cape Girardeau, Missouri, addedto the upside. “That may have led to a scram-ble for products and to cover positions,” saidTom Bentz, broker at BNP Paribas.