Oil prices set for first weekly drop since August as supply concerns ease

MELBOURNE: Oil NSE 2.13 % prices were mixed on Friday, but headed for their first weekly losses in at least eight weeks after U.S. oil stocks rose more than expected, and Iran flagged it was resuming talks with Western powers which could lead to an end to sanctions.

U.S. West Texas Intermediate (WTI) crude futures fell 4 cents to $82.77 a barrel by 0151 GMT, while Brent crude futures rose 12 cents, or 0.1%, to $84.44 a barrel.