Oil prices moved higher on Friday after posting gains of around 3% in the previous session, but are expected to end the week trading lower.
In the Asian session, Brent crude futures traded higher at $96 a barrel following Thursday's 3.1% gain.
US WTI traded slightly higher at $90 a barrel, following the 2.7% increase recorded in the previous session.
However, both benchmarks are on track to post weekly losses of around 1.5%.
This follows concerns about a global economic slowdown and potential increased supply from major producers that continue to plague the market.
Russia expects revenue from energy exports to jump 38% this year due in part to higher oil export volumes, while also forecasting increased output and exports until the end of 2025.
However, the latest data showing a drop in US crude inventories and higher gasoline demand again supported the commodity trading slightly higher heading into the weekend.
Official data from the Energy Information Administration (EIA) reported US crude oil inventories fell by 7 million barrels last week, compared to expectations for a decline of 275,000 barrels.
