Latest Oil Market News and Analysis for November 19

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Oil steadied as traders weighed a report showing rising US stockpiles against concerns about the fallout from sanctions on Russia.
West Texas Intermediate traded below $61 a barrel, after gaining more than 1% on Tuesday, when Brent closed near $65. The industry-funded American Petroleum InstituteBloomberg Terminal reported a 4.4 million barrel increase in US crude inventories, as well as builds in products. That would take oil inventories to the highest in more than five months, if confirmed by official data.