Brent crude futures fell 1 cent to $57.07 after touching a 2019 peak on Wednesday at $67.38. Advancements in Washington-Beijing trade deal discussions also supported prices. WTI recorded a 3-percent weekly rise and reached its strongest settlement price of 2019.
US crude stocks were forecast to rise 3.1 million barrels.
Production in the United States, which previous year became the world's top crude producer, rose to record high at 12 million bpd, which could also dampen sentiment, Fritsch said.
"The U.S. -China trade talks boosted prices with the promise of higher energy demand if global growth gets back on track", said Alfonso Esparza, senior market analyst at OANDA.
Much of that growing output is coming from USA shale fields, where drillers use advanced methods to squeeze crude oil and natural gas from rock formations.
Meanwhile, crude inventories in West Texas fell to the lowest in four months after an additional pipeline started transporting crude from the largest US shale field to the Gulf Coast, largely for exports, data from market intelligence provider Genscape showed.
Friday's dips at least temporarily halted a rally that pushed crude prices this week to their highest for 2019 so far amid the supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC).
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Oil prices touched more than three-month highs on Friday, supported by rising hopes that the United States and China would soon reach a deal to end their trade war, but new record USA oil production limited gains. OPEC and 10 allied producers outside the cartel, led by Russian Federation, agreed in late December to collectively hold back output by 1.2 million barrels day for the first half of 2019.
Oil prices hovered around 2019 highs on Thursday, bolstered by OPEC-led supply cuts and US sanctions on Venezuela and Iran, but were capped by slowing growth in the global economy.
"Balancing the market, i.e. aligning the somewhat uncertain global demand growth and the somewhat erratic US sanction policies toward Iran and Venezuela with the shale boom, rests on Saudi Arabia and its allies", said Carsten Menke, commodities research analyst at Julius Baer.
That means much will depend on demand, which Goldman said it expected to grow by 1.4 million bpd in 2019.
United States crude oil stocks rose by 1.3 million barrels in the week to February 15 to 448.5 million, according to a weekly report by the American Petroleum Institute on Wednesday.