Oil finally started to recover its loses that it was suffering in expectation of OPEC's meeting in Vienna, Bloomberg reports.

Futures in London grew on Friday by more than 1% after they showed decline last three days. Market evaluated possibility of increasing output despite disagreement inside the group of producers, pressure on behalf of customers and critics of American President. The latest results of negoatiations came out on Thursday night, when producers, including Saudi Arabia and Russia, preliminary agreed to raise production volumes, despite of Iran's protests.

Although, OPEC and partners agreed to increase output by 1 million barrels a day according to this agreement, the final number is still not defined, since several countries like Venezuela and Mexico will not be able to raise production at all. Besides, final decision is still depends on Iran, which will not be able to produce more oil due to US sanctions.

On Thursday Brent oil lost 2,3%, and WTI oil declined by 0,3%. As a result, the difference in prices was reduced to $7,66 a barrel.