This week’s shutdown of the TC Energy’s 590,000 b/d Keystone pipeline following a crude oil spill sent Canadian and Midcontinent crude values downward before rippling into refined product markets, pushing those values upward. The spill occurred Tuesday night in Northeast North Dakota. On Thursday morning, state officials reported that 9,120 barrels of crude oil had leaked from the pipe. Pipeline operator TC Energy has not given a timeline on when Keystone will return to service and said in a statement Thursday that the company remains focused on cleanup. The pipeline will remain shut from Hardisty, Alberta, to Cushing, Oklahoma, and to Wood River/Patoka, Illinois, while TC Energy cleans up the spill and repairs are made. The pipeline shutdown sent the differential for front-month Western Canadian Select, Canada’s benchmark heavy crude, to its weakest differential since December 2018. During Friday morning trading, WCS in Hardisty was heard to […]