Brent crude futures are marginally up Friday, but with much of the market awaiting U.S. payroll data before making any decisive moves.
Brent crude for July delivery was up 0.3% at $109.07 a barrel on ICE Futures Europe. U.S. crude-oil futures were up 0.1% at $102.55 a barrel on the New York Mercantile Exchange.
Crude-oil futures are awaiting data from the U.S. later in the global day, wrote VTB's Andrey Kryuchenkov in a note to clients.
The non-farm payroll numbers are closely watched for signs of which way the country's economy, and oil demand, is headed.
The latest data is forecast to have shown 218,000 net jobs added in May.
"Although this represents a slowdown from the previous month, a number in excess of 200,000 will confirm that the economy continues to expand at a healthy pace," said PVM.
Oil, meanwhile, is regaining only some of its luster.
"The late May downtrend is still intact for the ICE spot month," said Mr Kryuchenkov of the Brent contract. "However, fluctuations in the U.S. dollar and the broader market sentiment will have an increased influence on Brent prices today."
Recently the ICE's gasoil contract for July delivery was up $7.75 at $891.50 a metric ton, while Nymex gasoline for July delivery was up 79 points at $2.9645 a gallon.
