Crude oil futures were little changed on Friday, as markets awaited the release of key employment figures in the U.S. later in the day amid growing expectations that the Federal Reserve will soon start to make the scale back its stimulus.
On the New York Mercantile Exchange , light sweet crude for October delivery traded at USD108.36 a barrel during European morning trade , down 0.01 %.
The October contract settled up 1.06 % to USD108.37 a barrel on Thursday.
In oil futures were likely to find support at USD106.82 a barrel , down from September 4 and resistance to USD110.03 a barrel , up from August 29
Speculation that the Fed would begin reducing its monthly bond purchases as this month has increased on Thursday after data showed that U.S. business grew at its fastest pace since March 2011 until August.
The Institute for Supply Management said its index of non-manufacturing PMI rose to 58.6 in August from a reading of 56.0 the previous month , reaching a maximum of 29 months.
In addition , the Labor Department said the number of people claiming unemployment benefits in the week ending August 30 fell 9000-323000 seasonally adjusted , compared with forecasts of a fall in 2000.
The investors were from the perspective of a non-farm payrolls report awaited U.S. later in the day as it is considered essential to the conical Fed decision.
The Fed's stimulus is seen by many investors as a key factor in driving the global stock price.
In addition, the Energy Information Administration U.S. said Thursday that crude inventories fell by 1.8 million barrels for the week ended August 30 fall below expectations of 1.9 million after a 3 million barrel rise the previous week.
Meanwhile , concerns about U.S. military intervention against the Syrian government continues, as the U.S. government was set to vote next week on a proposal by President Barack Obama to launch a missile attack.
At a meeting in Russia , world leaders of the Group of 20 countries are urging President Obama to decide against launching military strikes in Syria , where many of them are afraid to hurt the global economy and push up prices oil.
While Syria is not a major oil producer, investors fear that the two years of civil war could spread to affect oil supplies in neighboring countries.