Oil drops 4% after resumed production at Libyan field threatens market oversupply

· *Crude oil prices slid on Thursday after renewed production in Libya prompted concerns of extraneous market supply.*
· *West Texas Intermediate contracts fell as much as 4% to $39.27, while Brent crude declined 3.1% to an intraday low of $41.93.*
· *The commodity has faced strong pressure through the coronavirus pandemic...