Oil rose in Asian trade on Friday as investors bought the commodity at more attractive prices, but concerns over the strength of the global economic recovery has injected caution into the market.

New York's main contract, light sweet crude for December delivery, climbed 18 cents to USD 77.64 a barrel after slumping USD 2.12 in US trade overnight. Brent North Sea crude for January rose 23 cents to USD 77.87, after dipping USD 1.83 in London trade.