Oil prices jumped more than 5 percent on Friday, after OPEC's top producers agreed to cut production for global fuel stocks and support the market.
By 1355 GMT, the benchmark Brent crude was up $ 3.26 a barrel to $ 63.32, Reuters reported.
In early trades, Brent fell below $ 60 when oil exporters appeared to disagree.
US light crude <CLc1> rose $ 2.62 a barrel to $ 54.11, falling to $ 53.90.
Prices fell nearly 3 percent on Thursday, after the Organization of the Petroleum Exporting Countries ended a meeting in Vienna with a preliminary agreement only to tackle price weakness and held talks with other producers on Friday.
Oil prices have fallen 30 percent since October, as supply grows and global demand slows.
OPEC is seeking Russia's non-OPEC support to reduce supplies.
Russian Energy Minister Alexander Novak returned to Vienna on Friday after discussing the matter with President Vladimir Putin, and a source at the Russian Energy Ministry said Moscow was ready to contribute to the reduction by about 200 thousand barrels per day.
