Brent and U.S. crude oil fell in choppy trading, weighed on by a stronger dollar and recent data showing rising OPEC oil production.
Asian equity markets rose on the first trading day of June following record highs on Wall Street last week and mixed Chinese data.
Subdued euro zone inflation data kept expectations of aggressive European Central Bank monetary stimulus alive, much of which is priced in.
U.S. stock index futures pointed to a higher open Monday, with the Dow and S&P 500 looking to extend their all-time highs from last week.
Stocks wavered Friday after an unexpected slowdown in consumer spending in April.
U.S. crude rose after government data showed a sharp drop in gasoline stocks that outweighed a build in overall crude stocks.
U.S. benchmark Treasury yields moved higher on Friday, following a better-than-expected reading on Chicago business activity.
European shares closed mixed on Friday, cementing a slow drift sideways this week as mining shares weighed.
U.S. crude fell by nearly $1 a barrel as traders took profit, but remained underpinned by supply worries and strong U.S. gas demand.
U.S. stock index futures pointed to a slightly lower open on Wall Street after stocks advanced for a fifth day.
The euro fell against the dollar on speculation of further monetary stimulus from the European Central Bank.
Stocks rose Thursday after the economy contracting in the first quarter but jobless claims falling more than hoped.
Treasury yields inched up from 11-month lows as data showed the economy shrank for the first time in three years in the first quarter.
European shares closed flat on Thursday following U.S. growth data and as investors eyed European Central Bank policy.
Gold settled lower, bouncing off its lowest level in nearly four months after data showing that the economy contracted in the first quarter.
The dollar neared a two-month high against major currencies, pausing after rallying due to a hold in sterling and the euro's fall.
U.S. stocks started little changed on Wednesday after the S&P 500's record close the prior session.
U.S. stock index futures pointed to a higher open on Thursday, ahead of a second estimate of first-quarter growth, due at 8:30 a.m. ET.
Asian equities ended mostly lower on Friday as caution ahead of Chinese manufacturing data overshadowed a record finish on the S&P 500 overnight.
Bond prices rallied on Wednesday after the U.S. government's auction of five-year Treasury notes, the second of three debt auctions this week.
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