Accra:Oil prices diverged at settlement on Thursday, with Brent crude edging lower while US West Texas Intermediate (WTI) rose by more than 3%.

According to Qatar News Agency, Brent crude futures fell 14 cents, or 0.13%, to settle at $105.92 a barrel. In contrast, US WTI crude futures gained $2.88, or 3.03%, to settle at $97.97 a barrel.

The US Energy Information Administration reported on Thursday that crude oil and distillate inventories in the United States fell last week, while gasoline stocks increased.