Thursday 28 April 2016

OIL HITS 2016 HIGH DUE TO FALLING OUTPUT, WEAKER DOLLAR

Oil hit its highest level wednesday driven by a falling dollar and evidence of declining United States supply, putting the price on course for its strongest monthly performance since last April, the News Agency of Nigeria (NAN) has said.
 
Brent crude futures were up with $1.03 at $46.77 a barrel in early trading, having risen nearly 20 per cent in April, their largest one-month gain in a year.
 

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