Investing.com -
Oil prices edged up early on Friday, lifted by firm economic indicators from the United States and Germany which could support fuel demand.
Crude futures were trading at $38.67 per barrel at 11.09 GMT, up $1.41 from their last close. International Brent futures were up $1.39 at $40.82 a barrel.
Traders said there was some bullish sentiment in oil markets early on Friday following statements by the U.S. Federal Reserve that the world's biggest economy was on the path of more economic growth
Analysts warned that oil prices could fall again soon as there were few signs that a global overhang in production of at least 1 million barrels per day would be addressed soon