Valve wheels sit on crude oil pipework in an oil field near Samara, Russia, on Tuesday, May 14. (Photographer: Andrey Rudakov/Bloomberg)

Oil Trims Loss as Key U.S. Midwest Pipeline Seen Nearing Restart

(Bloomberg) -- Oil pared losses after hitting the lowest level since March as a key U.S. pipeline prepared to restart and an industry report was said to show a drop in American crude supplies.