Sentiment was not helped by Saudi Arabia reporting it pumped a record 10.67bn barrels of oil a day in July
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Brent added 2.2% to US$45.30 while WTI rose to US$42.95 per barrrel
In early trading on Friday, Brent crude was priced above US$43 with WTI holding around US$41 a barrel.
The light crude price was 1.5$ higher at US$41.47.
Crude stockpiles fell by 1.34mln barrels, according to the American Petroleum Institute.
In London trading Brent crude gained 2% to change hands at around US$43 per barrel.
Crude and WTI fell more than 2% at the start of the week.
There’s no way of hiding the over-supply of oil on the market.
Oil major held its interim dividend steady but may face pressure to cut it eventually
The bank increased its projection to US$43 from US$41 due to supply disruption and buoyant demand
The price of a barrel of Brent crude dropped 0.5% to US$44.49
The price of a barrel of Brent crude tumbled by 1.8% to US$44.86, back below the US$45 mark
Oil price gets US inventory boost as decline extends to nine weeks
A few months of better prices have seemingly improved the outlook for some major industry players.
The price of a barrel of Brent crude declined 2.1% to US$46.61
The commodity has certainly picked up momentum in recent months, but appears now to have the mid summer blues.
Referendum result is likely to compound industry woe caused by lower oil prices
Crude prices moved lower as the market weighs up the level of oversupply.
Rating agency says most of the second quarter's defaults were in commodity sectors
Brent crude was holding just above US$47 with WTI priced above US$45 a barrel.
There was also a 3.6mln barrel fall in gasoline and a 2.3 million barrel drop in distillate inventories.
Brent crude for September delivery is down 0.862% at US$47.55 a barrel, while the US crude benchmark - West Texas Intermediate - is down 0.561% at US$46.34
The concern is that recent weak data from China, the uncertainty in the UK and therefore Europe all spells a slow-down in economic growth.
The western world was certainly preoccupied with the Brexit fallout, and now 4th of July celebrations bring US 'driving season' into focus.
In early trading on Friday, the market saw some recovery with Brent crude priced below US$49 with WTI holding above US$48 a barrel