On Friday, crude posted revenues in Asia, with American tension with Iran in focus for any spillover into the crude markets from sanction or other actions, while American rig count data is ahead.
In New York, March delivery crude futures rallied 0.54%, trading at $53.83 a barrel, while in London, March delivery Brent futures managed to rise 0.42%, being worth $56.80 a barrel.
On Friday, in China markets reopened after a week-long break.
Ahead on Friday, oilfield services firm Baker Hughes will unveil data on American drilling activity at the end of the previous week, which will be closely monitored. The previous week, Baker Hughes told that the overall number of rigs drilling for crude in America surged by 15 last week, which is the 12th profit in 13 weeks. It brought the total count to 566, the most impressive outcome since November 2015.
Overnight, crude prices settled lower in American trade, as market participants waited for end of the week rig count data and also took profits on what are seen as so far adequate compliance with coordinated drops to global crude output of nearly 1.8 million barrels per day for the first six months of the year by OPEC as well as non-OPEC producers.
