yes, it is possible. See my test in the azure portal. the key call out is that the phi model are using ML under the hood. the endpoints are different to OpenAI model endpoints, it would be hosted in xxxxx.eastus2.inference.ml.azure.com/score

Use the pencil icon to select auth type: apikey is default, you can choose AADToken for oauth. there is a small delay in applying the auth type change

Once set, the test tab will start to use oauth token.