LONDON: Benchmark Brent oil was lower on Thursday (November 24), while West Texas Intermediate (WTI) crude remained steady and within sight of two-month lows as the level of a proposed Group of Seven (G7) price ceiling of Russian Oil floated, raising doubts about how much this would limit supply.

A larger-than-expected increase in US gasoline stockpiles and the expansion of Covid-19 controls in China added to downward pressure on crude oil prices.

Brent crude futures were down 29 cents, or 0.3%, at $85.12 (RM382.61)…