• Oil edged higher, after slumping on Wednesday, as the US dollar weakened and traders weighed the potential for better demand in China.
• West Texas Intermediate rose toward $77 a barrel after declining by more than 3% on Wednesday following another build in US stockpiles. The slump came as investors digested the latest moves by the Federal Reserve, which raised interest rates but also signaled that it’s made progress in its battle against inflation. The dollar fell to the lowest since April, aiding commodities.