Oil hits one-month high near $55/b on tighter supplies

05 April 2017, London — Oil hit a one-month high near $55 a barrel on Wednesday as a fall in U.S. crude inventories raised hopes OPEC-led supply cuts were clearing a glut, while an outage at the largest UK North Sea oilfield lent support. U.S. crude inventories fell by a more-than-expected 1.8 million barrels last […] More »