Oil prices reversed earlier losses and inched up in Asian trade on Friday, supported by a weaker U.S. dollar and as diesel inventories fell, while Saudi Arabia and Washington continued to clash over plans by OPEC+ to slash production, AzVision.az reports citing Reuters.
Brent crude futures rose 29 cents, or 0.3%, to $94.86 per barrel by 0242 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 31 cents, or 0.35%, at $89.42 per barrel.
Both contracts however were down for the week by about 3% after two prior weeks of gains amid recession concerns.
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