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Oil supported by stocks draw, pipeline disruption
While November 30's Opec meeting remains the key focus and source of market volatility, attention (at least for now) has once again turned to the weekly dose of US energy data from the Energy Information Administration, due today at 1530 GMT. Crude oil trades higher with WTI leading the charge following news that supplies from Canada to US refineries via the Keystone pipeline will experience major disruptions through the end of November. The pipeline, which carries 590,000 barrels/day, could see a significant drop in supplies after being partly shut down following a 5,000 barrel spill in South Dakota last week. Lower ... (full story)