Brent crude, the global benchmark, settled up 96 cents or 1.7 percent to $58.33 a barrel.
Brent crude edged up after top exporter Saudi Arabia reiterated its determination to end a three-year supply glut.
Crude inventories rose by 856,000 barrels in the week to October 20, the EIAsaid.
Preliminary data and early reads on supply and demand indicated a slight drain in US crude oil inventories.
Oil prices were little changed after erasing earlier losses by midday on Thursday as Middle East tensions and Saudi comments about ending a global supply glut offset an unexpected increase in U.S. crude inventories and high USA production and exports.
Southeast Asia's net crude oil imports will more than double to 5.5 million bpd by 2040 as the region adds new refining capacity to meet rising demand while regional oil output falls, according to the International Energy Agency (IEA).
The spread, or difference, between Brent and WTI means US oil is more competitive against other benchmarks in some markets.
The EIA data also showed US oil production had returned to pre-hurricane levels, climbing to more than 9.5 million barrels a day.
RBOB futures rose 1.1 per cent to $1.7341 a gallon.
Battle with shale: In separate comments, Saudi Aramco CEO Amin Nasser "says he does not spend much time worrying about booming production from USA shale fields", according to CNBC.
Crude oil pries fell in Asia on Friday with the market cautious as OPEC member and major producer Venezuela reportedly faces problems making payments on bonds issued to the state oil company PDVSA and with USA rig count data ahead.
On Tuesday, Saudi Arabian Energy Minister Khalid al-Falih on Tuesday raised the prospect of prolonged output restraint even after the end of an OPEC-led pact to cut supplies.
Saudi Arabia and Russian Federation both declared their support for extending a global deal to cut oil supplies for another nine months, an OPEC (Organization of the Petroleum Exporting Countries)'s official said on Friday, according to Reuters.
This situation can be fixed as early as November 7 at the OPEC meeting in Vienna, Austria.
Traders were apparently not swayed by U.S. Energy Information Administration (EIA) data showing on Wednesday that U.S. crude inventories rose by 856,000 barrels last week compared to an expected 2.6 million barrel draw; U.S. crude production also rose 1.1 million barrels per day (bpd) last week to 9.5 million bpd after a decline due to Hurricane Nate, while U.S. oil exports hit a new record four-week average of 1.7 million bpd.
"The trend is up, but getting exhausted", said Robin Bieber, technical chart analyst and a director of London brokerage PVM Oil Associates.
Disruptions to exports from Iraq, OPEC's second-largest producer, have supported oil.
Asif also said the country had to make a compromise following the 9/11 attacks, and today the country is paying a price for it. Asif also told the Senate that Pakistan is not a superpower but it had gained "unmatched success" in the war against terror.
The new smartphone will be rolled out in more than 55 countries and also in physical Apple Stores but on limited quantity only. Some of Apple's power- hungry devices -example of the MacBook -will get to incorporate the technology in its functions.
After his death, she entered politics reluctantly, but led the party to successive election triumphs in 2004 and 2009. Her son and Congress Vice President Rahul Gandhi is expected to replace her soon as the top boss in the party.
The cereal box's artwork shows the corn pop cartoon characters inhabiting a shopping mall and taking part in various activities. Kellogg's issued an apology, saying they never meant to offend anyone and they are updating the artwork soon.
When this new measure will be implemented as New York's new law, it will cover vaping in the State's Clean Indoor Air Act. Several other major cities including Boston, New Orleans, and Chicago have also banned the practice, Fortune reported .
The source also stated that the pair wants it to be reminiscent of Demi Moore's iconic nude pregnancy photo shoot for Vanity Fair. They told Variety: "We recently celebrated the milestone 10th anniversary of " Keeping Up With the Kardashians " on E!"
The 6-foot-3, 265-pound Hightower reportedly tore a pectoral muscle, according to reports from NFL Network reporter Ian Rapoport . A bunch of guys have to step up and kind of try to fill that role - and in this case, a bunch of different roles.
Of the total loan slippages, Rs256 crore came from accounts that are internally classified as below investment grade. Analysts on average had expected a net profit of 24.91 billion rupees, according to Thomson Reuters data.
Another brief moment shows her standing naked in nothing but a pair of high heels, screaming as she shatters a wall of glass. She is now believed to be in a relationship with 26-year-old British actor Joe Alwyn .
Unlike the previous several generations of iPhones, the iPhone X does not feature a Touch ID sensor for finger-based sign-ins. The fund owned 60,902 shares of the iPhone maker's stock after purchasing an additional 1,330 shares during the period.
Philippines' Duterte receives Russian assault rifles
Before the turnover ceremony, Duterte boarded the anti-submarine ship Admiral Pantaleev docked at Pier 15 at the Port of Manila. Duterte embarked on an official visit to Russian Federation in May which he said was productive despite being cut short.
Microsoft Crosses $80 On Top- And Bottom-Line Q1 Beat
Search ad revenue excluding traffic acquisition costs grew 15%, and Surface revenue rose 12% driven by Surface Laptop sales. Revenue from Azure was up 90 percent year over year, and commercial revenue for Office 365 subscriptions was up 42 percent.
Even Some Xbox 360 Games Receive Xbox One X Enhancements
The first wave of Original Xbox games include Ninja Gaiden Black , Knights of the Old Republic and Prince of Persia Sands of Time. Now it sounds like the turmoil surrounding that launch also delayed the rollout of Xbox 360 backward compatibility on the system.
Will Smith's Action-Packed 'Bright' Trailer Debuts
Set in an alternate present-day where humans, orcs, elves, and fairies have been co-existing since the beginning of time. Now, though, with the release of a new redband trailer, fans can get a better look at what Bright deals with in detail.