The biggest fuel pipeline in the U.S. shut its mainlines Oct. 31 after an explosion and fire in Alabama that killed at least one person. Gasoline futures surged, refiner stocks gained and traders rushed to book cargoes from Europe.
Colonial Pipeline Co., which carries refined products to New York Harbor, N.Y., from Houston, shut the lines for the second time in two months. A contract crew working miles from the site of a Sept. 9 spill ran into the pipeline with a trackhoe, igniting gasoline and causing a fire, Colonial said in a statement. One person died at the ...
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