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But gains Oil OPEC reduced its global demand outlook for the rest of the year as economic growth slowed.
The group also discussed the difficulties encountered in 2020 when rivals inject more crude, reinforcing the argument for maintaining an OPEC-led agreement to reduce supplies.
World Crude Futures Terminated Blend Brent The trading session rose 41 cents, or 0.7%, to settle at $ 58.64 an ounce, after a 2.1% drop in Thursday's session and a 3% drop in Wednesday session.
Decades have increased Gross Intermediate Brut from West Texas 40 cents, or 0.73%, to settle at $ 54.87 per barrel after falling 1.4% in Thursday and 3.3% in Wednesday's session.
Prior to the release of OPEC's monthly report, Brent hit a record $ 59.50 a barrel and US crude traded at $ 55.67 as investors anticipated further declines in oil prices. Federal Reserve interest rate and measures of the European Central Bank next month to counter weak growth.
Both benchmarks finish the week with slight gains after two consecutive weeks of losses.
BNP Paribas lowered its 2019 guidance for US crude from $ 8 to $ 55 per barrel and Brent from $ 9 to $ 62 per barrel, due to an economic slowdown attributable to the trade dispute.
The price of Brent remains higher by about 10% at its beginning level of the year, supported by the supply cuts of OPEC and its allies, led by Russia, which form a group known as OPEC +.
In July, OPEC + agreed to extend its production cuts Oil Until March 2020 to support prices.
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But gains Oil OPEC reduced its global demand outlook for the rest of the year as economic growth slowed.
The group also discussed the difficulties encountered in 2020 when rivals inject more crude, reinforcing the argument for maintaining an OPEC-led agreement to reduce supplies.
Futures contracts on Brent rose 41 cents, or 0.7%, to settle at $ 58.64 an ounce, after a 2.1% drop at the trading session. Thursday and 3% in Wednesday's session.
West Texas Intermediate (WTI) crude futures rose 40 cents or 0.73% to settle at $ 54.87 per barrel after dropping 1.4% in Thursday's session and 3.3% on Wednesday.
Prior to the release of OPEC's monthly report, Brent hit a record $ 59.50 a barrel and US crude traded at $ 55.67 as investors anticipated further declines in oil prices. Federal Reserve interest rate and measures of the European Central Bank next month to counter weak growth.
Both benchmarks finish the week with slight gains after two consecutive weeks of losses.
BNP Paribas lowered its 2019 guidance for US crude from $ 8 to $ 55 per barrel and Brent from $ 9 to $ 62 per barrel, due to an economic slowdown attributable to the trade dispute.
The price of Brent remains about 10% higher than its early-year level, supported by cuts in supplies from OPEC and its allies, led by Russia, which form a group known as OPEC +.
In July, OPEC + agreed to extend its production cuts Oil Until March 2020 to support prices.
