Oil hits 2016 high on ebbing supply, softer dollar

by | June 7, 2016 1:01 pm

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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