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Oil price rises above $57, highest in 12 months

• ExxonMobil posts first annual loss in 40 years ’Femi Asu with agency reports  The international oil benchmark, Brent crude, rose more than two per cent on Tuesday, hitting a 12-month high after major crude producers showed they were reining in output roughly in line with their commitments. Brent crude, against which Nigeria’s oil is

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