Crude oil futures settled higher on Friday as traders took advantage of weakness in U.S. dollar. Meanwhile, gains remained capped amid over supply concerns with potential production hike by OPEC+ in the month of November. The OPEC+ members are scheduled to meet on October 5 to discuss production hike.
Benchmark crude oil futures for November increased $0.40 or 0.66% at $60.88 a barrel on the New York Mercantile Exchange. Brent crude for December delivery slumped $0.42 or 0.66% to settle at $64.53 a barrel on London's Intercontinental Exchange.