March 20, 2012 / 1:42 PM / 5 years ago

Brent crude extends losses to more than $2

NEW YORK, March 20 (Reuters) - Brent crude futures fell more than $2 on Tuesday on increased production from Saudi Arabia and revived exports from Libya, as well as a stronger dollar.

Brent May crude fell $2.22 to $123.49 a barrel by 9:36 a.m. EDT (1336 GMT), having traded from $123.34 to $125.44. (Reporting by Robert Gibbons)

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