Oil Ticks Up Ahead of U.S. Jobs Report, Still Set for Third Weekly Loss

OIL PRICE - LONDON. Oil ticked higher on Friday, finding support from OPEC+ members Saudi Arabia and Russia indicating readiness to pause or reverse oil output increases, but crude was still headed for its third straight weekly loss on demand concerns.

Crude fell this week on OPEC+'s Sunday decision to phase out some oil output cuts from October and as rising U.S. inventories spurred concern about demand, despite a rally on Thursday helped by the Saudi and Russian comments.