Oil rises 2 percent, but still set for first weekly fall in six

Oil rises 2 percent, but still set for first weekly fall in six:

"Oil prices rose about 2 percent on Friday, capping five sessions of losses, on expectations of an OPEC deal to extend curbs on production and the shutting of a major U.S. crude pipeline.

Prices were still on track for their first weekly loss in six as rising U.S. output data was compounded by doubts that Russia would support an OPEC deal.

Brent crude oil LCOc1 was $1.07 higher at $62.43 a barrel by 11:20 a.m. EST (1620 GMT) while U.S. West Texas Intermediate crude (WTI) CLc1 rose $1.25 to $56.39 a barrel.

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