On Friday, oil prices edged higher following a statement from the IEA saying that international crude demand would grow this year. The IEA forecasts a rise from 97.8 million barrels per day in 2017 to 99.3 million barrels per day this year. However, good news also came with warning that U.S. supply was growing at a faster rate. Non OPEC supply spearheaded by the U.S. will expand by 1.8 million barrels a day this year. In London, Brent crude gained 2 cents closing at $65.14, following a 23 cents rise the previous session. However, Brent crude fell by 0.5 percent overall for the week.
The greenback declined versus yen after a report from the Washington Post stated that president Trump has unseated H.R. McMaster as the national security advisor.
The greenback was trading 0.3 lower at 106.020 yen, staying a little above its eight day low of 105.790 set on Thursday. Throughout the week, the dollar was traded approximately 0.5 lower against the yen, which is currently considered to be a safe haven. On the contrary, the dollar index, which tracks the currency against its peers, was slightly higher at 90.156 following its recent climb of 0.5 percent the day before.