0128 GMT — Oil futures edge higher in the morning Asian session on possible position adjustments after they ended slightly higher on Monday. Brent crude oil futures may find support in the $70s per barrel area, with price risks tilted toward the upside, CBA analyst Vivek Dhar says in a research note. These upside risks are driven by OPEC+ delivering its pledged supply cuts and stronger-than-expected oil demand growth, Dhar adds. Front-month WTI crude oil futures are up 0.2% at $71.47/bbl; front-month Brent crude oil futures are 0.1% higher at $76.12/bbl. (ronnie.harui@wsj.com)
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