By Katya Golubkova

TOKYO (Reuters) -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.

Both benchmarks rebounded after falling nearly 2% during Wednesday’s session. The gains followed a Reuters report that the U.S. had signalled to Ukraine to accept a U.S.-drafted framework to end the war with Russia by giving up territory and some weapons, citing two sources familiar with the matter.

As part of U.S. efforts to end the protracted conf

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