Oil ticked up on Friday, however was on course for sharp weekly dips in three months as unpredictability about demand and peaked interest rate triggered a self-off capped by the projections that OPEC+ will keep on limit output.

Brent crude edged up 0.4% to $83.98 per barrel, while US WTI advanced by 0.3% to $79.21 per barrel.

The two benchmarks are poised for weekly dips as investors are worried of extended period of rate hikes that will limit the growth of the economy in the US.

Brent was poised for 6.2% weekly drops, and WTI for a slump of 5.6% for the week.

For more guidance the market anticipates US economic figures and signs of crude supply in the future.

Fed maintained interest rate this week and hinted for hot inflation figures that may postpone rate trims.

The latest allegations of possible ceasefire between Israel and Hamas has cooled down geopolitical tensions, as it was expected to impact oil supply. oil supply.