U.S. crude oil prices held near more than two-month lows in early Thursday trading, after a sharp slide on concerns the market will take much longer than many anticipated to rebalance as supplies far outstrip demand.
Benchmark U.S. crude futures were at $43.15 a barrel at 0033 GMT (0833 EDT), up 22 cents on Wednesday when prices tumbled 3 percent on the back of high production, rising U.S. stocks and an economic slowdown in Asia.
