0043 GMT — Oil futures edge higher in early morning Asian session in possible position adjustments. Some stability has emerged as Russia and Saudi Arabia recently provided verbal support, emphasizing continuing efforts to stabilize global oil markets via active supply management, says Ole Hansen, head of Commodity Strategy at Saxo Bank, in an email. Also, the risk of an emergency OPEC+ meeting being called should crude oil prices fall further has helped to underpin markets, Hansen adds. Front-month WTI crude oil futures are up 0.3% at $71.46/bbl; front-month Brent crude oil futures are 0.4% higher at $76.16/bbl. ([email protected])
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