Oil prices moved higher in early Asian trade on Thursday, with benchmarks partially recovering from a nearly 2% drop in the previous session. Markets are weighing a mix of demand softness and supply-risk developments, with the looming sanctions deadline for Russian oil helping to keep prices up. At the time of writing, Brent futures had climbed by about 16 cents, or 0.25%, to $63.67 a barrel, while U.S. West Texas Intermediate rose around 17 cents, or 0.29%, to $59.42 a barrel. Today's modest price increase followed a plunge on Wednesday after…