Oil hits $48.81 per barrel on producer action speculation

Oil prices reached their highest levels in more than five weeks on Tuesday as the market largely held gains that came from speculation producers would take action to prop up the market. Production losses in Nigeria, where more than 700,000 barrels per day (bpd) was missing due to militant attacks and pipeline problems, also helped []The post Oil hits $48.81 per barrel on producer action speculation appeared first on Nigerian Pilot: Nigerian Newspaper.
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