Oil steadied after falling by the most in a month as traders fretted that OPEC+ may boost supplies, US data pointed to a slowdown, and an industry estimate showed higher stockpiles at a key storage hub.

West Texas Intermediate traded near $63 a barrel, after global benchmark Brent closed below $68. Prices slumped on Wednesday after a report that the OPEC+ alliance will consider a fresh round of production increases at a policy meeting this weekend. Still, Saudi Arabia and its partners have yet to decide how to proceed, according to several delegates.