Brent oil gains $1 to claw back some losses as Libyan exports to resume


TOKYO (Reuters) – Brent crude rose more than $1 on Thursday, recouping some ground after its biggest one-day drop in two years during the previous session after Libya said it would resume oil exports and U.S.-China trade tensions raised demand concerns.

FILE PHOTO: A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas, U.S., April 13, 2018. REUTERS/Ann Saphir/File Photo

Brent crude LCOc1 rose $1.23, or 1.7 percent, to $74.63 a barrel by 0544 GMT after slumping 6.9 percent on Wednesday.

U.S. West Texas Intermediate (WTI) CLc1 added 46 cents, or 0.7 percent, to $70.84…



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