UPDATE 10-Oil hits 6-month highs on supply outages, Goldman forecast
* Goldman Sachs says market likely flipping into deficit
* Cushing stockpile build pares gains
* Libyan port to resume oil exports after earlier blockade
* Exxon Mobil seen ramping up Nigeria's Qua Iboe crude output
* Venezuela strikes sweeter oil-for-loans deal with China (Updates to market settlements)
By Barani Krishnan and Dmitry Zhdannikov
NEW YORK/LONDON, May 16 (Reuters) - Oil prices hit six-month highs on Monday on worries about global supply outages and as long-time bear Goldman Sachs sounded more positive on the market, although a stockpile build at the U.S. storage hub for crude futures limited gains.
Expectations of resumption in oil exports from a Libyan port, a ramp up in Nigerian crude production by Exxon Mobil Corp and an improved oil-for-loans deal reached by Venezuela with China furthered the tempered the bullish theme in oil.
Brent crude futures settled up $1.14, or 2.4 percent, at $48.97 per barrel. It rallied to $49.47 earlier, its highest since early November, in a test towards $50. Continued...