Oil markets weak as global supply seen ahead of demand

SINGAPORE (Reuters) - Oil markets remained weak on Friday, pressured by concerns that producers are churning out more oil than the world needs amid a bleak economic outlook.U.S. West Texas Intermediate (WTI) crude futures , were at $54.07 per barrel at 0204 GMT, down 56 cents, or 1 percent, below their last settlement.Front-month Brent crude oil futures were at $62.64 per barrel, 4 cents above their last close amid thin trading due to a holiday in Japan."Oil prices fell as concerns of further..