(Bloomberg) -- Crude oil fell below $62 a barrel in New York after Enbridge Inc., which supplies Canadian oil to the U.S., resumed shipments through a pipeline that was shut because of a leak.
The pipeline segment that ruptured was replaced and deliveries started yesterday at 5:40 p.m. Calgary time, the company said. The June through September futures contracts were down less than the May contract amid speculation U.S. crude-oil demand will surge. A government report yesterday showed that refiners bolstered operating rates by 2 percentage points.
Read more at Bloomberg Energy News
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