Brent crude futures rose 37 cents to $73.06 a barrel by 0958 GMT, while U.S. West Texas Intermediate crude futures were up 33 cents at $69.48
Oil prices held their ground on Friday as investors awaited U.S. employment data, but the commodity was on track for a weekly loss despite a delay to supply increases by OPEC+ producers.
For the week, Brent was poised to register a more than 7 per cent decline while WTI was heading for a drop of almost 6 per cent. U.S. service sector activity was steady in August, but private jobs growth slowed, remaining consistent with an easing labor market. On Thursday, Brent settled at its lowest since June 2023 as worries about U.S. and Chinese demand offset support from a big withdrawal from U.S. oil inventories and Thursday’s decision by OPEC+ to delay planned oil output increases.
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