Oil futures eased back after hitting a two-week high on Thursday, but U.S. crude still posted a sixth straight session of gains.
A decline in weekly U.S. crude production temporarily alleviated concerns about deepening oversupply. Crude prices slipped to the lowest in 10 months last week but have since rebounded more than 7 percent, stretching their bull run to the longest since April.
It is unclear, however, whether the bearish sentiment has abated in the oil market, given larger-than-usual inventories in the United States for both crude oil and key products like gasoline.
U.S. West Texas Intermediate (WTI) crude rose 19 cents to end Thursday's session at $44.93 a barrel. It posted an intraday high of $45.45, also a two-week peak.
Global benchmark Brent crude futures were down 7 cents at $47.24 a barrel at 2:35 p.m. ET (1835 GMT), having touched a two-week high of $48.27 earlier in the session.