Closing Market Report 4/18/2014

The KUIK Closing Market Report for Friday, April 18:
Market were closed in honor of Good Friday.
The State Department announced that is has extended the review period of TransCanada’s Keystone XL pipeline. The federal government willwait and see whether the pipeline’s route is changed as a result of litigation in Nebraska state court. The final State Department decision had been expected by the end of May. The pipeline would allow delivery of up to 830,000 barrels of oil a day from Western Canada and the Bakken Shale Formation to Steele City, Neb . Analysts said that the pipeline decision now might not come until after the November midterm elections. Environmental groups applauded the decision while supporters of the pipeline condemmed it.
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/keystone-pipeline-decision-delayed-again-2014-04-18
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