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Oil hits 2016 high on U.S. draw forecasts, Nigeria woes

June 8, 2016 by · Leave a Comment 

Oil prices jumped more than 1 percent on Tuesday, hitting 2016 highs, with U.S. crude settling above $50 a barrel the first time in almost a year, on expectations of domestic stockpile draws and worries about global supply shortfalls from attacks on Nigeria'

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Oil hits 2016 high on U.S. draw forecasts, Nigeria woes