Oil rebounds as deadline on US sanctions waiver looms
Oil prices edged higher on Thursday, recovering from losses in the previous session, as markets assessed the latest U.S. proposals to end the war in Ukraine and prepared for a U.S. deadline to cease operations with two major Russian oil firms.
Brent crude futures climbed 21 cents, or 0.33%, to $63.72 a barrel at 0142 GMT, while U.S. West Texas Intermediate crude futures rose 24 cents, or 0.40%, to $59.68.
