Oil were little changed on Friday ahead of the Christmas and New Year holiday week as the market waited to see how OPEC would manage its planned output cuts with Libya expecting to boost production.
Crude is still trading around its highest since mid-2015, supported by a deal by the Organization of the Petroleum Exporting Countries and non-members to lower output by almost 1.8 million barrels per day from Jan. 1.
For the week, the U.S. contract rose for a second week in a row, gaining 2.2 percent during that time, while Brent looked like it would slip lower for a second week in three.
Futures held their losses after oilfield services firm Baker Hughes reported its weekly count of oil rigs operating in U.S. fields rose for an eighth straight week. The rig count rose by 13 to 523, compared to 538 rigs operating at this time last year.