Latest Oil Market News and Analysis for Nov. 26

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Oil steadied after closing at the lowest in a month on signs of progress toward a peace deal in Ukraine, a push that could herald the removal of curbs on Russian crude supplies just as a global glut looms.
West Texas Intermediate held near $58 a barrel after falling 1.5% on Tuesday, while Brent closed above $62. After a flurry of diplomacy, US President Donald Trump said “there are only a few remaining points of disagreement,” and dispatched negotiators for additional high-level meetings with the two sides.