West Texas Intermediate crude declined for a third day on rising U.S. inventories as a stronger dollar weighed on commodity prices.
Stockpiles increased last week for the first time since Aug. 8 according to the Energy Information Administration. The dollar gained as the Federal Reserve moves closer to raising interest rates.
WTI for October delivery dropped 0.7% to end at US$92.41 on the New York Mercantile Exchange. Prices gained 14 cents this week ending a two-week losing streak. The October contract expires on Sept. 22.
Brent for November settlement gained 69 cents to US$98.39 a barrel on the London-based ICE Futures Europe exchange for a weekly gain of 1.3%.
The European benchmark widened its premium to WTI on signs of lower OPEC output.
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