OIL PRICE: NEAR $65
REUTERS - Oil struggled to find its footing on Wednesday after plunging 7 percent the previous session, with surging supply and the specter of faltering demand scaring off investors.
U.S. West Texas Intermediate (WTI) crude oil futures were at $55.52 per barrel at 0732 GMT, down 17 cents, or 0.3 percent, from their last settlement.
International benchmark Brent crude oil futures LCOc1 were down 9 cents at $65.38 per barrel.
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