US Treasurys higher as investors await fresh economic data

Investors will have two pieces of economic data to sift through on Thursday, with the weekly report on initial jobless claims and the monthly report on inflation both due out in the morning.

In oil markets, Brent crude traded at around $55.07 a barrel on Thursday morning, down 0.16 percent, while U.S. crude was around $49.26 a barrel, down 0.08 percent.

Oil prices steadied on Thursday after the International Energy Agency (IEA) projected faster than anticipated oil demand for the remainder of the year.

Robust second-quarter demand has buoyed oil markets, which have been struggling to rebalance as a supply glut has weighed heavily on prices, the IEA said in its September report released Wednesday.

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