Oil Edges Up After Falling Overnight

0043 GMT — Oil prices are up slightly in early Asian trade after falling overnight as investors weigh the outlook for oil demand. “Significant uncertainty remains around global economic growth and the potential impact on oil demand over the forecast period,” the Energy Information Administration said in its latest short-term outlook report. Analysts still see the risks skewed toward a rally in prices in 2H “as the market tightens significantly following production cutbacks,” ANZ analysts say in a research note. Front-month WTI crude ticks up 0.1% to $71.81/bbl; front-month Brent adds 0.05% to $76.33/bbl. (bingyan.wang@wsj.com)