Oil extends 7% slide as outlook darkens | ZAWYA MENA Edition:
Oil markets fell again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the spectre of faltering demand scared off investors.
U.S. West Texas Intermediate (WTI) crude oil futures were at $55.26 per barrel at 0600 GMT, down 43 cents, or 0.8 percent, from their last settlement.
International benchmark Brent crude oil futures LCOc1 were down 36 cents, or 0.6 percent, at $65.11 per barrel.
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