Brent, WTI on track to fall about 5 for the week
Chinese crude oil imports fell 9 in November
US crude output holds above 13 million bpd
Market watches for US job report for Nov

Dec 8 Reuters Oil benchmarks were headed for a seventh straight weekly decline on worries over a global supply surplus and weak Chinese demand, although prices recovered ground on Friday after Saudi Arabia and Russia called for more OPEC members to join output cuts.

Brent crude futures rose 1.54, or 2.1, to 75.59 a barrel by 0704 GMT, while U.S. West Texas Intermediate crude futures gained 1.39, or 2, to 70.73 a barrel.

Both benchmarks slid to their lowest since late June in the previous session, a sign that many traders believe the market is oversupplied. Brent and WTI are also in contango, a market structure in which frontmonth prices trade at a discount to prices further out , .

Some short sellers closed their position as the oil market was seen oversold. Meanwhile, the plunging oil prices forced OPEC to improve solidarity to calm the market, said analysts from Haitong Futures in a note.

Saudi Arabia and Russia, the world39;s two biggest oil exporters, on Thursday called for all OPEC members to join an agreement on output cuts for the good of the global economy, only days after a fractious meeting of the producers39; club.

The Organization of the Petroleum Exporting Countries and allies, known as OPEC, agreed to a combined 2.2 million barrels per day bpd in output cuts for the first…