Brent crude, the global benchmark, was up 10 cents at USD 52 per barrel at 1837 GMT. On Thursday, the contract touched an 11-week high at USD 53.64.
US West Texas Intermediate (WTI) crude ended Friday's trade up 23 cents at USD 48.82 a barrel, after falling to a two-and-half-week low of USD 48.01 earlier in the session. The contract fell 1.5% this week, its second straight weekly decline.
The IEA said OPEC’s compliance with the cuts in July had fallen to 75%, the lowest since the cuts began in January. It cited weak compliance by Algeria, Iraq and the United Arab Emirates.
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