Oil slipped towards $75 a barrel on Wednesday, under pressure from expectations OPEC and its allies will pump more and as Italy’s political crisis increased investors’ aversion to risk. A worker walks at the Sindbad oil field near the Iraqi-Iranian border in Basra, Iraq April 23, 2018. Picture taken April 23, 2018. REUTERS/Essam Al-Sudani Global benchmark Brent crude has dropped $5 from a 3 1/2-year high of $80.50 a barrel on May 17, after reports that OPEC and Russia may increase supply at a June meeting, reversing policy after 17 months of cutting supplies. Brent LCOc1 was down 3 cents at $75.36 a barrel by 0842 GMT, after trading as low as $74.81 earlier. U.S. crude CLc1 was up 3 cents at $66.76. “Take the specter of rising production from OPEC/non-OPEC and throw in a generous sprinkling of eurozone political turmoil and what do you get? […]