Oil prices were up about 1 per cent on Friday but posted a second weekly loss amid oversupply concerns stemming from increasing output and a surprise inventory build-up in the US.
The market is also awaiting next week's reports from Opec and the International Energy Agency, which would provide clarity on the supply-demand dynamic.
Brent, the benchmark for two thirds of the world's oil, rose 0.39 per cent to settle at $63.63.
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