Oil prices were stable on Friday, weighed down by a stronger dollar but supported by signs fuel markets are balancing after two years of oversupply.

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  The dollar rose to its highest level since March against a basket of other leading currencies  on Thursday, potentially crimping demand as fuel becomes more expensive for countries using other currencies.

  U.S. West Texas Intermediate (WTI) crude  was trading at $50.62 a barrel at 0050 GMT, 1 cent below its last settlement.

International Brent crude oil futures  were up 3 cents at $51.41 per barrel. Crude prices fell over 2% the previous session on the back of the soaring dollar.

                                                      U.S. crude oil production has fallen almost 12 percent since peaks in 2015, to around 8.5 million barrels per day, but rising drilling activity has slightly lifted output again in recent weeks, in what some analysts say are early indicators that the U.S. shale industry has adapted to lower prices and can operate at around $50 per barrel.