• Oil steadied in Asia — after rallying around 7% over the previous three sessions — as investors assessed the latest commentary from Federal Reserve officials and mixed Energy Information Administration data.
• West Texas Intermediate futures traded near $78 a barrel after closing almost 2% higher on Wednesday.
• The EIA report showed refinery utilization climbed to the highest level since December last week, while crude stockpiles increased slightly more than expected. Inventories at the storage hub at Cushing, Oklahoma, swelled to the largest since July 2021.