Singapore - Oil prices edged up in Asia on Tuesday following an upbeat outlook for the beaten-down commodity by key producer Kuwait, while investors are keeping tabs on Greece's troubled debt talks with its creditors, analysts said.
US benchmark West Texas Intermediate for March delivery rose 27 cents to $53.05 while Brent crude for April gained 56 cents to $61.96 in late-morning trade.
Greek Finance Minister Yanis Varoufakis said late on Monday he was confident of reaching a deal with the eurozone on overhauling the country's unpopular debt bailout programme in two days, despite crunch talks collapsing.