US oil inches down amid concerns of economic slowdown
Oil prices were also supported by comments from US Federal Reserve Chairman Jerome Powell on Thursday that the central bank had the ability to be patient on monetary policy.
WTI has climbed about 9 percent so far this week, its biggest weekly rise since December, 2016.
China said three days of talks with the United States that wrapped up on Wednesday had established a "foundation" to resolve differences over trade.
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