Oil prices rose in Asia Friday but a supply glut and clearer hints the Fed might raise interest rates next month limited gains.

U.S. benchmark West Texas Intermediate for delivery in December was trading 21 cents higher at $45.41 and Brent crude for December was up 21 cents to $48.19 at around 0430 GMT.

Three million migrants are expected to arrive in Europe by 2017 as they flee war and poverty in Syria and other conflict zones, with a small positive impact on the EU economy likely, the EU's executive arm said on Thursday.

A slight boost to the eurozone's ongoing recovery from the huge influx of asylum seekers could help offset the growing hostility to migrants and political pressure over the issue, the European Commission said.

The eurozone economy is set to continue its moderate recovery over the next two years in the wake of the Greek bailout crisis, despite headwinds from the wider global economy, the EU said on Thursday.

Despite a slowdown in China and emerging markets hampering demand for eurozone exports to, the 19-country single currency area is set to grow by 1.8 percent in 2016 and 1.9 percent in 2017, it said in its autumn forecast.

The skies could be darkening over the German economy, Europe's biggest, with factory orders, a key measure of demand for goods made in Germany, falling for the third month in a row in September, data showed on Thursday. 

According to provisional data compiled by the economy ministry, industrial orders fell by 1.7 percent month-on-month in September, following declines of 1.8 percent in August and 2.2 percent in July. 

Shares in crisis-hit autoparts maker Takata plunged again Thursday, losing a quarter of their value and deepening the loss caused by fatal faults in their airbags.

The Tokyo-listed stock plummeted 25 percent to 889 yen ($7.32) to its lowest close this year after tumbling more than 13 percent Wednesday.

Deutsche Telekom on Thursday confirmed its full-year profit targets after rising mobile subscriber numbers in the United States and the expansion of its fibre-optic network in Germany buoyed business in the third quarter.

"Deutsche Telekom's performance in the third quarter of 2015 was dominated by double-digit growth rates in the most important financial indicators," the company said in a statement.

Oil prices rebounded in Asia Thursday after tanking in the previous session but the market remains under pressure by a global crude oversupply.

Prices were hammered Wednesday after data showed that commercial crude inventories in the United States, the world's top oil consumer, rose in the week to October 30.

Iran's ambition to regain its full oil export capacity after the lifting of international sanctions is likely to take several years rather than months, a report said on Wednesday.

The Arab Petroleum Investment Corp (APICORP) said the Islamic republic is expected to add just 400,000 barrels per day by the end of next year and another 300,000 bpd by the end of 2017.

Maersk Line, the world's number one container shipping firm, said Wednesday it would cut 4,000 jobs by the end of 2017 and defer vessel investments to buoy up its dominant position in a falling market.

The maritime division of Danish conglomerate A.P. Moeller-Maersk has been battling price and demand falls and is cutting capacity and has warned that a fall in activity will hit annual results due for publication Friday.

Oil prices were down in Asia Wednesday as investors weighed U.S. petroleum industry data showing a build-up in crude stockpiles and news that shipments from a Libyan port were halted due to tensions.

U.S. benchmark West Texas Intermediate for delivery in December was down 15 cents at $47.75 and Brent crude for December was trading 14 cents lower at $50.40 at 0600 GMT.