The number of rigs drilling for oil in the United States fell by 48 last week, about half the reduction seen in the previous week.
Asian equities were mixed on Friday as traders wait and see if Greece will apply for an extension of its bailout program before the Friday deadline.
U.S. stocks closed narrowly mixed after the S&P 500 touched a new intraday record, amid lower oil prices and Germany's rejection of a Greece plan.
U.S. government debt prices extended early losses on Thursday after a report on weekly U.S. jobless claims came in lower than expected.
European markets turned around on Thursday with the news that Greece has asked for an extension to its loan agreement.
Gold rose on a weaker dollar after Federal Reserve minutes from January showed officials expressed concern on raising interest rates too soon.
U.S. stock index futures signaled a flat to higher open on Friday ahead of a crucial meeting between Greece and its euro zone creditors.
The dollar recovered on talk the Swiss National Bank was buying the greenback.
Brent traded around $60 a barrel on Thursday after U.S. government data showed crude stocks hit a record high last week.
US government debt prices edged up on Wednesday, after yields hit seven-week highs on Tuesday.
U.S. stocks closed mostly lower on Wednesday despite surprisingly dovish Fed minutes, amid apparent progress in the Greece-euro zone negotiations.
European shares finished higher with investors reacting to a slew of earnings and ongoing negotiations surrounding Greece's bailout program.
Japanese shares rose to a fifteen-year high on Thursday, while trade in the rest of Asia was quiet with several markets closed for Lunar New Year.
Asian markets enjoyed a higher open on Wednesday, with Tokyo shares at a fresh 8-year high, following a positive lead from Wall Street overnight.
U.S. stocks closed higher on Tuesday after encouraging reports out of Greece sent the S&P 500 to a record.
U.S. stock index futures signaled a lower open on Thursday, after the Greek government requested a loan extension from its euro zone creditors.
U.S. government debt prices slipped on Tuesday as talks between Greece and the euro zone failed to reach a compromise.
The euro recovered from initial losses, helped by a bounce in German investor sentiment.
Gold snapped a three-day rally, losing almost 1 percent as investors remained cautious after a breakdown of Greek debt talks.
Oil pared gains after earlier getting support from threats to Middle East supplies and expectations lower prices may curb U.S. output.