This week’s shutdown of the Keystone oil pipeline has stopped up the route for roughly a quarter of the crude flowing into the U.S. Midwest. To which the oil market has essentially said: Eh. TransCanada Corp. closed the pipeline that ships 590,000 barrels a day of Canadian crude to the U.S. over the weekend, responding to signs of a leak in South Dakota, and doesn’t expect to restart it until at least Tuesday. While there’s no good time for a shutdown, the move comes with American oil stockpiles near their highest level in eight decades, part of the worldwide glut that’s driven prices down more than 60 percent from a June 2014 high. “It’s coming at a time when there is no shortage of crude in that part of the system,” said John Auers, executive vice-president of Turner Mason & Co., a Dallas-based consultant to the oil industry. “At […]