Oil slips below $55 as dollar, Libyan production boost weigh

By Alex Lawler LONDON (Reuters) - Oil slipped below $55 a barrel on Friday as a stronger U.S. dollar weighed on commodities and as higher Libyan output threatened to counter some of the supply cuts planned by OPEC and other producers. Crude is still trading around its highest since mid-2015, supported by a deal by the Organization of the Petroleum Exporting Countries and non-members to lower output by almost 1.8 million barrels per day from Jan. 1. Brent crude was down 32 cents at $54.73 a barre