Latest Oil Market News and Analysis for November 24

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Oil dropped after posting the biggest weekly loss since early October, as traders weighed the prospect of a Ukraine-Russia peace deal that could increase crude flows into an already well-supplied market.
Brent fell toward $62 a barrel after dropping almost 3% last week, while West Texas Intermediate was below $58. After US-Ukrainian talks on Sunday, Secretary of State Marco Rubio said President Donald Trump’s proposed Nov. 27 deadline for Ukraine’s support could drift into the next week. Kyiv believed the plan “reflects their national interests,” according to a White House readoutBloomberg Terminal.