Oil hits 2016 high on ebbing supply, softer dollar

Oil hits 2016 high on ebbing supply, softer dollar

Oil prices hit their highest in eight months on Tuesday, buoyed by the dollar nearing one-month lows and by falling Nigerian oil output after a spate of attacks on infrastructure, Reuters reports. Brent crude futures were up 67 cents on the day at $51.22 a barrel by 1135 GMT, having hit an intraday peak of…

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