U.S. West Texas Intermediate crude for October delivery was up 17 cents, or 0.2 percent, at $69.92 a barrel by 0031 GMT, after falling 3 percent in the previous session to settle below $70 for the first time in a month.
Every Fed policymaker backed the central bank’s September decision to raise the target policy rate to between 2 percent and 2.25 percent, according to minutes of the Sept. 25-26 meeting, published Wednesday.
The specter of rising U.S. dollar yields, which along with global trade tensions were at the center of last week’s global equities rout, kept riskier appetite in check in Asia.
Every Fed policymaker backed raising interest rates last month and also generally agreed borrowing costs were set to rise further.
Trump said that he would be willing to allow "special exemptions" for one or two departments but some might have to undergo cuts larger than 5 per cent.
The S&P 500 .SPX zigzagged furiously between positive and negative territory after the 2 p.m. ET (1800 GMT) release of the Fed's September meeting minutes.
Tesla and Musk have each agreed to pay $20 million under a settlement with the U.S. Securities and Exchange Commission of a fraud lawsuit relating to tweets by Musk in August.
The Australia and New Zealand Banking Group ANZ (ANZ.AX), BNP Paribas (BNPP.PA), Citibank (C.N), Standard Chartered and Deutsche Bank (DBKGn.DE) also agreed to join the digital trade information network expected to be operational by the third quarter of next year.
Oil had been rising this week on worries about Iranian sanctions and tensions between the United States and Saudi Arabia after the death of Saudi journalist Jamal Khashoggi.