MARKET WATCH: Seaway pipeline sale boosts oil prices

Crude oil prices closed above $102/bbl Nov. 16 in the New York market with the front-month contract escalating 3.1% after ConocoPhillips agreed to sell its interest in Seaway Crude Pipeline Co. to Enbridge Holdings (Seaway) LLC, a subsidiary of Enbridge (US) Inc. (OGJ Online, Nov. 16, 2011).

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