Oil spilled losses earlier in the day, rising as hopes raised that the United States and China could resolve their trade differences, easing fears of an economic slowdown that would put pressure on fuel demand.
Futures for the world's benchmark crude hit $ 73.04 a barrel by 5:20 GMT on Friday, up 15 cents, or 0.2 percent, from the previous settlement.
US West Texas Intermediate crude futures rose 7 cents, or 0.1 percent, to $ 63.76 a barrel.
Oil surged to Asian equity markets after a telephone conversation between the Chinese and US presidents boosted hopes that a trade dispute between the world's two largest economies could be resolved, traders said.
Prices rose today after falling earlier in the session, but Brent is still down 12 percent since the start of October, while WTI is down 13 percent.
