Oil rises more than 2%
Baghdad - Agencies
Oil prices rebounded by more than 2 percent after five-day losses on expectations of an OPEC extension to cut output and a major US pipeline to transport crude.
However, prices recorded their first weekly loss in six weeks, with signs of increased US supplies, as well as doubts that Russia would support an extension of the OPEC crude cut agreement.
Prices rose after Saudi Energy Minister Khalid al-Falih hinted on Thursday that his country wanted to extend production restrictions when the cartel held its meeting on Nov. 30.