July 16, 2018 / 2:42 PM / 2 months ago

CORRECTED-BUZZ-Oil stocks slide on potential Russia supply increase, Libya

(Corrects Anadarko Petroleum ticker)

** U.S. oil co shares slide as global benchmark Brent drops >3 pct/barrel

** Traders eye potential supply increases by Russia and other producers, while Libya ports reopened

** Brent crude down $2.56 to $72.75/barrel; U.S. crude off $2.41 at $68.61/barrel (as of 10:30 AM EDT)

** S&P 500 Energy index sinks 1.7 pct, biggest loser among 11 major S&P 500 sectors with 30 of 31 components in the red

** Marathon Oil down >6 pct, Hess and Apache Corp both down ~4 pct, and Anadarko Petroleum off 3 pct

** Oil giants Exxon Mobil and Chevron down >1 pct and among worst performers on the Dow

** SPNY up 4 pct in 2018 vs SPX gain of 4.7 pct

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