Oil slides on trade tensions, Libyan ports reopen

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© Reuters. A pump jack is seen at sunrise near Bakersfield

By Jessica Resnick-Ault

NEW YORK (Reuters) – Global benchmark Brent plummeted on Wednesday, dropping more than 5 percent a barrel as trade tensions escalated between the United States and China and expectations of growing supplies mounted on news that Libya would reopen ports.

Brent crude () fell $4.10, or 5.2 percent, to $74.76 a barrel by 1:40 p.m. EDT (1740 GMT). U.S. crude () was down $3.00 at


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