Oil markets struggle to find footing after 7 percent slump
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SINGAPORE (Reuters) - Oil markets remained on a weak footing on Wednesday after a 7 percent slump the previous session, with surging supply and expectations of faltering demand pressuring crude prices.U.S. West Texas Intermediate (WTI) crude oil futures were at $55.66 per barrel at 0043 GMT, down 3 cents from their last settlement.International benchmark Brent crude oil futures had yet to trade.Markets fell by more than 7 percent the previous day. They have lost over a quarter of their value..