Oil prices steadied on Thursday after hitting a multi-week high a day earlier as the threat to US Gulf crude production from Hurricane Nicholas receded.

Brent crude ended the session up 21 cents, or 0.3%, at $75.67 a barrel. On Wednesday Brent touched $76.13, its highest since 30 July.

US West Texas Intermediate ended the session unchanged at $72.61 a barrel after climbing to the highest since 2 August on Wednesday.