Crude Oil Caps Longest Run of Monthly Advances in Five Years

(Bloomberg) - Oil capped the longest run of monthly gains in five years as a spate of disruptions curb supply before OPEC meets Thursday to discuss production policy.

Futures slipped Tuesday, trimming a fourth consecutive monthly advance, as Canadian producers start to resume operations after wildfires eased. Militant attacks have cut Nigerian supply to the lowest level in more than two decades. Libya’s Petroleum Facilities Guard captured towns near the oil ports of Es Sider and Ras Lanuf after clashes with Islamic State militants.

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