Oil prices steadied after falling more than 2% on Thursday as investors assessed the impact of OPEC+ supply decisions and President Trump's tariffs.
West Texas Intermediate was around $67 a barrel, while Brent closed below $69 in the previous session.
OPEC+ is considering pausing production increases after a planned hike in September, potentially reversing recent output cuts earlier than anticipated.
Despite concerns about oversupply, there are indications of tightness in the physical oil market, with demand typically strong during the Northern Hemisphere summer.