Oil prices jump on Canadian pipeline disruption to United States

1. Oil prices jumped by 1 to 2 percent on Wednesday as ongoing cuts of piped Canadian crude to the United States added to falling US crude inventories, while expectations of a prolonged OPEC-led production cut also offered support.

2. “We expect Brent to trade at the top of the $40 to $60 per barrel range, with Brent averaging USD 58 per barrel in 2018,” the U. S. bank said.

3. TransCanada Corp said it will cut deliveries by at least 85 percent on its 590,000-barrel-per-day (bpd) Keystone crude pipeline through the end of November.

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