Oil prices extended a rally into a sixth day on Friday, hovering near 8-week highs on a decline in U.S. inventories and OPEC's ongoing efforts to curb production to ease a global glut. Brent crude futures were up 2 cents, or 0.04 percent, at $51.51 per barrel at 0059 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 3 cents, or 0.06 percent, at $49.07 per barrel.

Crude oil prices rose further as the focus remained on fundamentals. This week's better-than-expected inventory draw-down in the United States continued to support prices.

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