Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles.

Oil futures rose Thursday, gaining ground alongside global equities and other assets perceived as risky, a day after the Federal Reserve delivered a large interest-rate cut and set the stage for further easing of monetary policy.

WTI futures traded around $70.30 per barrel, as of 9 a.m. ET. That’s an increase of 0.90% in the last 24 hours.