By Alex Longley

(Bloomberg) —

Summary of what’s shaping the oil market on Friday: Focus on signals ahead of this month’s OPEC meeting after Venezuela was said to urge other members to unite against U.S. sanctions. Regular weekly data due later, including Baker Hughes rig count. Bloomberg Dollar Spot Index rises.


* Venezuela is said to urge OPEC to unite against sanctions, echoing a similar letter sent from Iran
* PDVSA Isla refinery is said to expect 1st Venezuela oil since Conoco spat
* SUPERTANKER TRACKER: China-Bound Crude Ships Drop to 5-Month Low
* Oil rigs operating off Africa rebound to highest in 2 years
* Bloomberg Dollar Spot Index +0.2%


* Baker Hughes rig count, 1pm ET
* ICE weekly commitments of traders report for Brent, gasoil, ~1:30pm ET
* CFTC weekly commitments of traders report on various U.S. futures and options contracts, 3:30pm ET

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Brian Wingfield, John Deane