Oil prices end volatile session mixed but up sharply for the week on supply worries

US says Iran about to make an offer

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Oil prices fell after the US said it was sending envoys for talks.

(Getty Images)

Oil prices whipsawed in volatile trade on Friday but were higher on the week as traders weighed supply disruptions against the potential restart of peace talks between the US and Iran that could help limit those disruptions.

Brent crude futures settled at $105.33 a barrel, rising 26 cents, or about 0.3%. US West Texas Intermediate futures settled at $94.40 a barrel, falling $1.45, or 1.5%. For the week, Brent gained about 16% and WTI rose nearly 13%.