Oil futures are mixed Friday, with Brent crude regaining some ground late in Asian trade as prices recovered after two straight days of losses due to profit-taking and as concerns over supply eased. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at $97.36 a barrel at 0636 GMT, down $0.02 in the Globex electronic session. January Brent crude on London’s ICE Futures exchange rose $0.37 to $111.35 a barrel. U.S. crude prices have been supported this week on news that oil inventories fell for the first time in 11 weeks, as refiners in the key Gulf Coast region boosted crude-oil processing by 6.7% last week to a record high of 8.56 million barrels a day. Brent meanwhile settled lower for the second straight day Thursday as the European Central Bank reduced its inflation outlook and held rates steady, said ANZ Research. It […]