Latest Oil Market News and Analysis for November 21

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Oil pushed lower after Ukrainian President Volodymyr Zelenskiy agreed to work on a peace plan, just as US sanctions on two Russian oil giants are scheduled to take effect on Friday.
Brent declined for a third session to trade near $63 a barrel, while West Texas Intermediate was below $59. The plan was drafted by the US and Russia and Zelenskiy expects to talk with President Donald Trump in the coming days. Proposals include Ukraine ceding territory and the removal of sanctions.