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Oil falls after Libyan ports reopen, Trump tariff threat

Reuters  |  LONDON 

By Christopher JohnsonLONDON (Reuters) - Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals.The spectre of tariffs on a further $200 billion of Chinese goods sent commodities lower along with stock markets, as tension between the world's biggest economies intensified.Brent crude fell $2.10, or 2.7 percent, to a low of $76.76 before recovering slightly to $77.20, down $1.66, by 1325 GMT. U.S. light crude, supported by a tight North American ...

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First Published: Wed, July 11 2018. 19:21 IST
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