Oil prices rose slightly on Friday after stronger-than-expected US economic data raised investor expectations for strong demand for crude oil from the world's biggest energy consumer.
However, concerns about weak economic conditions in Asian giants such as China and Japan have limited gains.
Brent crude oil futures rose 7 cents to $82.44 a barrel and West Texas Intermediate (WTI) rose 4 cents to $78.32 a barrel.
In the US second quarter GDP figures, it grew at a faster-than-expected annual rate of 2.8% as consumers spent more money and investor inflows increased.
Additionally, the current easing inflationary pressures have kept intact expectations that the Federal Reserve (Fed) will move forward with interest rate cuts at its September meeting.
Lower interest rates tend to increase economic activity and may stimulate oil demand.
However, persistent signs of trouble in Asian economies remain limiting oil price gains.
China, the world's biggest importer of crude oil, shocked the market for the second time this week when it conducted lending operations at low rates on Thursday.
The move shows that the authorities are trying to provide financial stimulus to re-support the current economy.
