Oil prices fell drastically Tuesday morning despite Iran sanctions still looming over markets. The rupture of Enbridge’s (NYSE: ENB) natural gas pipeline in British Columbia on October 9 disrupted the fuels market on the entire northwest coast of North America. – The interruption of gas flows into the U.S., in Washington State and Oregon, forced several oil refiners to cut back on refinery runs. That led to a shortage of gasoline and, thus, led to much higher prices. – Retail gasoline prices in Seattle rose 9 cents per gallon for the week ending on October 15, the largest weekly increase since 2015. Market Movers • The Atlantic Coast pipeline received the greenlight from the state of Virginia to begin construction in the state. The $6.5 billion natural gas pipeline will help connect Marcellus shale gas to […]