Mubasher: Oil prices rose on Friday, but were not able to recover from its seventh consecutive weekly losses.

Crude prices was supported by renewed talks between the United States and China, which could help rising tensions that are threating a trade war and a decreased demand on US oil.

Nymex futures for September rose by 0.7% or $0.45 to the level of $65.91 per barrel.

American crude dropped more than 2.5% for the week.