CNBC | Oil prices hit new 2016 highs despite lingering excess CNBC Brent crude reached fresh 2016 highs on Friday and was poised for its biggest monthly gain in seven years as a weak dollar and falling U.S. production tempered concerns about a lingering excess of physical oil. A looming rise in Middle East output ... Oil prices hit fresh high for 2016 Analysts Just Aren't Buying the Oil Rally Oil Prices Jump To Six-Month High |