Oil dropped the most in more than a week with Gulf of Mexico production starting to resume and Libya reopening its biggest field. (Bloomberg) — Oil dropped the most in more than a week with Gulf of Mexico production starting to resume and Libya reopening its biggest field. Futures in New York declined 2.9%, falling to its lowest in a week and breaching its 100-day moving average in a sign of further selling pressure ahead. Global benchmark Brent futures settled below both its 100-day and 200-day moving averages. A string of supply disruptions that have supported prices subsided. Royal Dutch Shell Plc, BHP Group and Chevron Corp said they have begun resuming operations at Gulf of Mexico platforms. Earlier, Libya’s National Oil Corp. lifted force majeure on the nation’s largest field, which will reach its daily capacity of almost 300,000 barrels in 10 days, a person with knowledge of […]