Brent crude was at $64.62 per barrel at 1424 GMT, up $1.01 from its previous close.
U.S. West Texas Intermediate (WTI) crude futures were at $60.95 a barrel, up 83 cents.
Brent even turned what would have been its second consecutive weekly loss into a slight weekly rise of 0.4 percent over the course of Friday. WTI stayed in negative territory for the second week running, falling around 0.4 percent.
Analysts warned after two days of sell-offs that the broader market outlook remained bearish due in large part to rising U.S. inventories and production.
"After all, it is attractive to drill for shale oil at prices above $60," they said in a note.
Unlike Middle East producers, where output is largely dictated by state-owned oil companies, U.S. producers drill and sell purely based on economics. If prices remain at current levels or rise further, U.S. drillers are profitable and will raise output; if prices stumble, U.S. production will fall.
Elsewhere, Libya's 70,000 barrels per day El Feel oilfield stayed shut despite the Petroleum Facilities Guard saying it had reached a deal to reopen it, according to a field engineer and local mediator.
As much as production, oil prices will also depend on demand. Here, there are signs of a slowdown, although much of this could be seasonal as the northern hemisphere winter ends.
(additional reporting by Henning Gloystein in Singapore; editing by Mark Heinrich)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)