Enbridge Pipeline Fire Lifts Oil

Two workers are killed.
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Enbridge Energy Partners

(EEP)

said an explosion and fire on a crude oil pipeline near a terminal in Clearbrook, Minn., killed two workers Wednesday.

Four pipelines in the vicinity were shut down, but a televised report said two of those lines have now been restarted. In total, the pipelines, which go from Canada to the U.S., can carry about 1.5 million barrels of oil a day.

Crude futures at one point surged more than $4 on the news, but were lately up $2.70 at $93.32 a barrel.

Enbridge Energy Partners owns the U.S. portion of the world's longest liquid petroleum pipeline and is involved in natural gas gathering, processing and transportation.

Citing the event, Enbridge Energy Partners canceled a planned public offering of Class A common units. Shares of Enbridge Energy Partners were losing 2.7% to $51.98 in premarket trading.

Enbridge Energy Co., a unit of Calgary-based

Enbridge

(ENB) - Get Report

, is the general partner of Enbridge Energy Partners and holds about a 15% stake in the company.