Oil prices eased but were heading for weekly gains on uncertainty over Middle East supplies and a larger-than-expected draw from US crude stockpiles, while European diesel margins dropped following the IEA’s decision to release more diesel, Reuters reports.
Brent crude futures were down 47 cents, or 0.44 per cent, at $105.45 a barrel by 0747 GMT, while US West Texas Intermediate crude futures were down 62 cents, or 0.63pc, to $97.35.
WTI settled up more than 3pc on Thursday after a big US crude stock draw on hurricane production shut-ins.
