Oil prices regain ground after falling to six-month lows

Oil prices recouped some of their losses in early Asian trading but remained at the lowest levels since June, after falling in the previous session on high U.S. crude output and gasoline inventories. "Oil markets may have been oversold," which could mean the recovery is a "short-term rebound," said Tina Ting, a markets analyst with CMC Markets, in a note. In the previous session, the market was "spooked" by data showing U.S. output remains near record highs even though inventories fell, analysts at ANZ said in a note.