Oil prices rose on Friday amid expectations of a cut in supply from the Organization of the Petroleum Exporting Countries (OPEC), although affected by a record increase in US production.
Brent crude was $ 67.49 a barrel at 7:47 GMT, up 87 cents, or 1.3 percent, from the previous settlement.
US West Texas Intermediate crude futures rose 50 cents, or 0.9 percent, to $ 56.96 a barrel. According to Reuters.
Prices have received support mainly from expectations, that OPEC cut production soon for fear of the trend of crude to fall again, as in 2014 under the weight of supply.
While OPEC is considering curbing supplies, US crude production hit a new record last week at 11.7 million bpd, according to data released by the US Energy Information Administration on Thursday.
US production has risen about 25 percent since the beginning of this year.
US record production means that US crude inventories posted their biggest weekly gain in nearly two years.
