CNBC | US oil gains 1.5 pct, closes at highest level since Nov. 4 CNBC Oil prices hit fresh 2016 highs for a third day in a row on the back of a weak dollar as investors looked beyond record high U.S. crude inventories and relentless pumping by major producers. Oil prices have risen 75 percent in about three months or ... Oil jumps 2 percent despite glut, hits 2016 peaks on weak dollar Analysts Aren't Buying the Oil Rally Oil price eases back from 2016 highs as traders 'lock in profits' |