Oil dives on fears of glut, global economic slowdown
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NEW YORK (Reuters) - Oil prices tumbled on Tuesday after reports of swelling inventories and forecasts that record U.S. and Russian output will hit a market that may see weaker demand if global growth deteriorates as many expect. U.S. crude oil fell $2.78, or 5.5 percent to trade at $47.10 a barrel by 11:44 a.m. EST (1644 GMT). The session low was $46.97, its weakest since September 2017. Global benchmark Brent lost $2.54, or 4.2 percent to trade at $57.07 a barrel. During the session, Brent..