Oil slips for third day as virus fears outweigh supply cuts
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NEW YORK (Reuters) - Oil fell below $56 a barrel on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses.Crude fell almost 4% on Monday, with other commodities also reporting losses while U.S. and European equities suffered their steepest declines since mid-2016 on concern the coronavirus outbreak could turn into a pandemic.Brent crude fell 83 cents to $55.47 a barrel by 12:33 p.m...