By Santosh Menon 1 hour, 7 minutes ago LONDON (Reuters) - Oil rose above $136 a barrel on Thursday, as investors resumed buying after its recent sharp drop and boosted by fresh cuts to Nigerian oil output.U.S. crude rose $1.70 to $136.30 a barrel at 10:50 a.m. EDT, recovering from lows of $133.02. It slid $4.14 on Wednesday, taking the drop from last Friday's all-time peak of $147.27 to more than $10.
London Brent crude for September was $1.54 up at $137.35.
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