Global oil prices rebounded on Friday, reversing earlier losses as traders embraced a raft of upbeat economic data in top crude consumer the United States.
Brent North Sea crude for delivery in January rose 79 cents to $ 78.89 a barrel in late afternoon deals.
US benchmark West Texas Intermediate for December rose 45 cents to $ 75.03 per barrel.
"Oil prices got a lift after US data this afternoon, with traders cheered by continuing signs of recovery in the US that trump the stagnation in Europe," said IG analyst Chris Beauchamp.
Wall Street also won a boost from fresh US data showing flat inflation, a pickup in home sales and an unexpected surge in the Philadelphia regional manufacturing index.