Oil hits 2016 high, driven by falling supply and weaker dollar

By Amanda Cooper LONDON (Reuters) - Oil prices hit their highest in eight months on Tuesday, buoyed by the dollar nearing one-month lows and by falling Nigerian oil output after a spate of attacks on infrastructure. Brent crude futures were up 36 cents on the day at $50.91 (£34.32) a barrel by 1339 GMT (1439 BST), having hit an intraday peak of $51.30 earlier in the day, their highest since October. U.S. crude oil futures gained 32 cents to trade at $50.01 a barrel, having touched a fresh