Oil prices edged higher yesterday amid trade talk optimism, offsetting expectations of supply increases from Venezuela. US natural gas prices also settled higher on the day. Read more here.

Oil prices rose on Friday, buoyed by optimism over a potential trade deal between the U.S. and the European Union and reports of Russian plans to restrict gasoline exports to most countries. Brent crude futures gained 17 cents,

Oil prices gained on Friday as trade talk optimism offset expectations of more supply from Venezuela. However, prices are likely to remain capped due to plentiful supply in the market, according to experts.