Oil Settles Above $50 for First Time in More Than 10 Months

  • U.S. inventories estimated to drop 3 million barrels last week
  • Royal Dutch Shell said to be repairing key Nigeria pipeline

Oil Prices Will Head Back Down, Here's Why

Oil closed above $50 a barrel in New York for the first time in more than 10 months as U.S. crude stockpiles are estimated to have fallen for a third week, trimming a glut.

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