Latest Oil Market News and Analysis for Oct. 29

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Oil held a three-day drop as investors assessed the impact of Western sanctions against leading Russian crude producers alongside a mixed industry estimate of US inventory changes.
West Texas Intermediate was steady near $60 a barrel after falling by almost 3% over the prior three sessions, while Brent closed above $64. US President Donald Trump will follow through and enforce harsh new sanctions against Moscow to pressure Vladimir Putin into negotiations to end the war in Ukraine, according to Matthew Whitaker, the US ambassador to NATO.