- Oil prices have retreated to below $50 a barrel as a stronger dollar pulls crude off the 2016 highs hit this week despite a major attack by the Niger Delta Avengers.
- Militants blew up an Eni (NYSE:E) pipeline in Nigeria run by the company's Agip subsidiary, marking yet another strike aimed at the country's oil infrastructure.
- NNPC said Nigerian output stood at around 1.8M bpd in March, its weakest level in a year, and that figure is now likely significantly lower.
- Oil futures -1.5% to $49.81/bbl
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