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 specter 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 LCOc1 fell $2.06, or 2.61 percent, to a low of $76.80 before recovering slightly to $76.86, down $2.00, by 0945 GMT. U.S. light crude CLc1, supported by a tight North American market, was down 75 cents at $73.36 a barrel. “Trade concerns have bitten today,” said Michael McCarthy, chief markets strategist at CMC Markets. “If these tariffs are introduced there will be an […]