Permian-to-Gulf BridgeTex Pipeline Resumes Crude Flows After Brief Leak Outage

A crude oil leak on the BridgeTex system briefly disrupted flows from the Permian Basin in West Texas to the U.S. Gulf Coast, but operator ONEOK reported the pipeline fully back in service on Thursday after repairs and cleanup. The incident had raised near-term supply concerns for Gulf refiners and export terminals, but the resumption of operations reduces the risk of prolonged constraints for Oil – US Crude and Oil – Brent Crude benchmarks tied to U.S. export capacity.

Over the past month, Oil – US Crude has fallen about 12%, reflecting softer demand expectations and ample supply, while short-term charts currently show a cautious Hold stance amid oversold conditions. Oil – Brent Crude is down roughly 1.2% over the same period, with its one-day technical view also at Hold, suggesting traders are watching for clearer signals on global balances following the brief pipeline disruption.

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