Brent oil prices were little changed on Friday but were on track for a sixth straight week of gains, boosted by strong demand, looming U.S. sanctions on Iran and plummeting Venezuelan production.
Brent crude futures for July delivery fell six cents to $79.24 a barrel.
The benchmark on Thursday broke through $80 for the first time since November 2014.
U.S. West Texas Intermediate (WTI) crude futures for June delivery fell 19 cents to $71.30 a barrel, a 0.3 per cent loss.
The contract was still set for its third straight week of gains.
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