Oil prices edge away from two-month low, but outlook stays weak

Oil prices edged away from over two-month lows on Thursday, but the outlook remains bleak as traders ditch positions and producers hedge themselves against lower prices despite some analysts saying market oversupply may have been overstated. U.S. crude futures were at $43.16 a barrel at 0714 GMT, up 23 cents from Wednesday when prices tumbled 3 percent on the back of high production, rising U.S. stocks and an economic slowdown in Asia. Trading data showed there seemed to be shift in sentiment to