Oil was steady in Asia after jumping the most in six weeks on Thursday as a weaker dollar and expectations for more stimulus in China outweighed concerns over higher interest rates in the US and Europe.
West Texas Intermediate held above $70 a barrel after jumping 3.4% in the previous session, putting it on course for a modest weekly gain.
China loosened monetary policy this week to revive its stalled recovery and there are expectations it will announce more targeted stimulus. Beijing also issued a large crude import quota earlier in the week. The dollar is on track for its biggest weekly drop since January, making oil cheaper for most buyers.
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