February 8, 2023

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Colonial Pipeline starting to come back in a stepwise fashion

1 min read

Looks to be fully up and running by the end of the week.

The Colonial Pipeline is starting to come back online in a s step-by-step progression.  The attack affected some of its systems, but expects to be fully functioning by the end of the week in a phased approach. 

Crude oil futures traded higher earlier in the day to a intraday high of $65.75. The low price has reached $63.95. The current prices between those levels at $64.90.. The low at $63.95 tested the low from Friday near the same level and found buyers (see earlier technical post here)

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