The dollar index slipped from 14-year highs, a weaker dollar underpins demand for oil.
profitaddaweb.com-Oil edged higher Friday in choppy trade on signs producers have began moves to implement agreed output cuts.
U.S. gained 13 cents, or 0.26%, to $51.03 at 08:00 ET. crude added 0.52% to $54.30.
members Saudi Arabia, Kuwait and Abu Dhabi and non-OPEC producers Russia and Oman have reportedly informed customers of planned cuts in supply.
OPEC has agreed to cut output by 1.2 million barrels a day. Non-OPEC producers have committed to a reduction of 558,000 barrels.
Russian Energy Minister Alexander Novak said Friday all Russian oil firms have agreed to cut output.
Higher prices could encourage an increase in U.S. shale activity.
The slipped from 14-year highs. A weaker dollar underpins demand for oil.
