Oil markets firmed on Friday, supported by confident sentiment as OPEC-lead supply cuts help tighten the market, but analysts cautioned that the cuts would need to be extended to counter rising U.S. output. Brent futures , the international benchmark for oil prices, were at $60.87 per barrel at 0013 GMT, up 25 cents or 0.4 percent from their last close. Brent has risen by some 37 percent since its 2017-lows last June.

U.S. West Texas Intermediate (WTI) crude was at $54.91 a barrel, up 37 cents, or 0.7 percent, from the last close. WTI is about 30 percent above its 2017-low in June.

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