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Oil Surged 4 Bucks After Pipeline Explosure

Oil prices rose more than $4 a barrel Thursday before paring gains

Oil prices rose more than $4 a barrel Thursday after an explosion cut Canadian oil shipments through pipelines that supply about 15 percent of U.S. imports of crude oil.

The blast killed two workers and initially closed four Enbridge pipelines that supply U.S. refiners with an average 1.5 million barrels a day. Two of those have been reopened, and a fire near the Clearbrook terminal in Minnesota, where the lines meet, has been extinguished, the energy delivery company said Thursday.

Crude oil for January delivery rose 39 cents to $91.01 a barrel on the New York Mercantile Exchange. Earlier it jumped more than 5 percent to $95.17 a barrel.