U.S. crude futures rose in early Asian trade on Friday, buoyed by renewed optimism prices may have bottomed out after official data showed U.S. oil production fell to its lowest level since November 2014.
U.S. crude futures had climbed 11 cents to $34.68 a barrel by 00-19 GMT, after settling down 9 cents in the previous session.
Oil prices are stable with the decline in U.S. production providing support, ANZ said in a note on Friday.
