Oil hits 2016 high on U.S. draw forecasts, Nigeria woes

By Barani Krishnan NEW YORK (Reuters) - Oil prices jumped more than 1 percent on Tuesday, hitting 2016 highs, with U.S. crude settling above $50 a barrel the first time in almost a year, on expectations of domestic stockpile draws and worries about global supply shortfalls from attacks on Nigeria's oil industry. U.S. crude stockpiles likely fell by 2.7 million barrels last week to mark a third straight week of declines, an updated Reuters poll showed. The U.S. Energy Information Administration (