U.S. crude settles 1.5 percent lower on pipeline constraint

NEW YORK Wed Jan 23, 2013 2:58pm EST

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NEW YORK Jan 23 (Reuters) - U.S. crude futures fell 1.5 percent on Wednesday, as an unplanned constraint on the recently expanded Seaway pipeline, which had been expected to alleviate a glut of oil in the Midwest. put pressure on U.S. oil prices late in the session.

U.S. March crude fell $1.45, or 1.50 percent, to settle at $95.23 a barrel, having traded from $94.95 to $96.92.

(Reporting by Robert Gibbons; Editing by Gerald E. McCormick)