Brent crude futures rose $1.15, or 2.1 percent, to settle at $56.29 a barrel, while USA crude futures gained 93 cents, or 1.9 percent, to settle at $50.41.
An index that tracks the dollar against six currencies was down 0.3 percent at 91.780, not far from the more than 2-1/2 year low of 91.011 set on September 8.
The company's net sales fell 3.5 percent to $3.77bn.
Stateside, most indexes closed higher on Wednesday as financial stocks made gains.
The two-day Fed Open Market Committee meeting, which begins on Tuesday, will be closely watched by markets as the USA central bank is expected to announce its balance sheet reduction plans while keeping interest rates unchanged in an effort to "normalise" monetary policy.
According to the Fed's economic projections which were released on Wednesday, Fed officials expected the USA economy to grow 2.4 per cent this year, higher than their forecast of 2.2 per cent in June. Forecasters expect the Fed to leave rates unchanged and stick to plans to raise rates in December.
In the oil space, Inpex is rising more than 3 percent and Japan Petroleum Exploration is advancing more than 1 percent.
In other precious metals, silver was down 0.3% at $17.08 an ounce, after falling to its lowest since 25 August in the previous session. India's Sensex gained 0.6 percent to 32,472.62. Leveraged trading is high risk and not suitable for all.
US benchmark 10-year Treasury note yields rose as far as 2.29 percent, the highest since August 8, a move which helped push bank stock prices higher also.
On Thursday, the euro was flat at $1.1893 having traded above $1.20 on Wednesday, while the dollar was up 0.3 percent at 112.53 yen.
That prompted a sector rotation out of stocks like utilities - with the S&P utilities index down 0.8 percent - and into banks.
CURRENCY: The dollar rose to 111.39 yen from Friday's 110.82 yen. Brent crude, used to price worldwide oils, gained $1.15, or 2.1 percent, to $56.29 a barrel in London. Hong Kong's Hang Seng index added 0.4 percent to 28,127.80. Hong Kong's Hang Seng fell almost 0.4 percent to 28,051.41, while the Shanghai Composite dipped 0.2 percent to 3,356.84.