Globalnews.ca | Blame Canada, Nigeria: Oil prices hit 6-month highs Globalnews.ca The price of a barrel of oil has hit its highest level in nearly seven months — nearly US$50 a barrel — thanks mainly to supply reductions caused by unrest in Nigeria and the Fort McMurray wildfire. U.S. crude prices rose by 43 cents a barrel Tuesday ... US oil hits seven-month high as inventory drop seen; caution over Libya Oil prices hit highest level in 7 months This is the biggest upside risk in oil, says strategist |