Oil prices hold steady in Asian trading, despite a fall in US crude inventories. This comes a day after OPEC oil ministers failed yet again, to agree on an output ceiling.

Iran wants its oil production to reach pre-sanction levels while other member states adhere to different quotas, to which Saudi Arabia disagreed.
The commodity initially fell on Thursday after the OPEC meeting ended with no agreement, but rebounded after a US official report showed commercial crude inventories sinking by 1.4 million barrels last week. This indicates a pick-up in demand in the world's top crude consumer.