Oil slumps more than 4% on weak global economic data, U.S. crude build
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NEW YORK (Reuters) - Oil prices sank more than 4% on Wednesday after global demand fears were revived by weak economic data from China and Europe and an unexpected build in U.S. crude inventories.Brent crude was down $2.59, or 4.2%, to $58.71 a barrel, by 11:45 a.m. EDT (1545 GMT), nearly erasing the previous session's sharp gains after the United States moved to delay tariffs on some Chinese products.The global benchmark rose 4.7% on Tuesday, its biggest daily percentage gain since December...