Oil drops four percent on oversupply, equities sell-off
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LONDON (Reuters) - Oil prices fell 4 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets.U.S. crude oil fell $2.04, or 4.1 percent, to a low of $47.84, its weakest since September 2017, before recovering to around $48.10 by 0920 GMT.North Sea Brent crude fell $2.41, or 4.0 percent, to a low of $57.20, a 14-month low, and last traded around $57.61,..