New York's main contract, light sweet crude for delivery in March, eased 25 cents to $95.61 a barrel in the afternoon while Brent North Sea crude for delivery in April added 15 cents to $117.81.

Trading was restrained "after an unexpected dip in US industrial production spurred concerns about lagging economic activity", Phillip Futures said in a report.

Official data Friday showed industrial production in the United States -- the world's largest economy and oil consumer -- contracting 0.1 percent in January, with manufacturing output falling 0.4 percent.

"Economists had been expecting a modest increase in industrial output in January," Phillip Futures said.