By Florence Tan SINGAPORE (Reuters) - Oil rose more than 1 percent on Wednesday with Brent climbing above $71 a barrel, recovering slightly from losses in the prior session as a turbulent market struggled to find a price floor. The market has swung between sharp gains and losses since OPEC said last week that it would maintain steady output in an oversupplied market. Brent and U.S. crude are down more than 30 percent since June and touched five-year lows on Monday. Brent hit a high of $71.46 a barrel before trading up 62 cents at $71.16 by 0350 GMT, after falling $2 on Tuesday. U.S. ...
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