India, April 25 -- Crude oil futures moved modestly higher during trading on Friday, extending yesterday's rebounding seen from the steep drop on Wednesday.

After climbing $0.52 or 0.8 percent to $62.79 a barrel on Thursday, crude for June delivery rose $0.23 or 0.4 percent to $63.02 a barrel.

Despite the increase on the day, crude for June delivery tumbled $0.99 a barrel or 1.6 percent for the week.

The price of crude oil recovered from an early slump to end the day higher amid signs of easing trade tensions between the U.S. and China, with President Donald Trump refuting China's claims that the two countries have not held any trade negotiations.

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