Tokyo: Oil prices on Friday were set for their biggest weekly gains since early July, boosted by a decline in US inventories and a looming hurricane in Florida, while new signs of trade talks between the United States and China emerged.
Brent crude was up 8 cents, or 0.1 per cent, at USD 61.16 a barrel, by 0420 GMT after adding 1 per cent on Thursday. Brent is heading for a gain of 3 per cent this week.
US West Texas Intermediate (WTI) crude futures fell 7 cents, or 0.1 per cent, to USD 56.64 a barrel. The contract is set for a gain of more than 4 per cent this week.
