Crude climbed by more than $1 a barrel on Wednesday, as traders reacted to strong U.S. data and expectations of stronger demand.
Gold edged higher, recovering from an earlier 2-1/2 month low, as initial expectations of a ceasefire in eastern Ukraine receded.
The euro steadied against almost every other major currency on Wednesday after Ukraine said it has agreed on a ceasefire with Russia.
Asian equities finished mostly higher on Wednesday following stronger-than-expected economic data from China and Australia.
Stocks mostly fell on Tuesday after the S&P 500 hit another intraday record, as energy companies dropped with the price of oil.
U.S. government bond prices slipped on Tuesday, as investors eyed the ECB's policy meeting and developments in eastern Ukraine.
European shares slipped to close marginally lower, as investors monitored events in eastern Ukraine and reacted to economic data from the region.
Gold settled at its lowest level since mid-July as stock markets the dollar rallied ahead of a European Central Bank meeting this week.
Crude oil was crushed on Tuesday, as concerns of slowing oil demand in China and Europe failed to offset supply worries from Libya.
U.S. stock index futures and European indexes traded higher on Wednesday amid the possibility of a "cease-fire" between Russia and Ukraine.
The euro sagged on Tuesday to fresh one-year lows against the dollar on bets the ECB will do more to help a wobbly euro zone economy.
Asian equity markets were mostly higher on Tuesday with Shanghai and Japanese shares leading the gains despite the absence of a U.S. lead.
Palladium rose on fears that supply from top producer Russia could be hit due to the Ukraine crisis, while gold eased on a stronger dollar.
Brent crude dropped below $103 a barrel on Monday, following fresh data suggesting a slower growth in China's factory activity.
European shares closed flat to lower on Monday as investors weighed worse-than-expected manufacturing data against tensions in Ukraine.
The euro hit a year-low against the dollar on Monday, as investors added to bets against the single currency before a policy meeting this week.
U.S. stock index futures indicated a higher open, as equities around the world continue to shrug off ongoing Russia/Ukraine tensions.
Stocks rose Friday, with Wall Street headed to a fourth week of gains ahead of the long holiday weekend.
U.S. bonds pared gains on Friday, with Russia's fresh incursion in Ukraine failing to produce a sustained rally in "safe haven" assets.
Asian stock markets rose on Monday as a positive handover from Wall Street offset disappointing Chinese factory activity data.
Get the best of CNBC in your inbox
Thailand's central bank said the country's economy will barely grow this year and cut 2015 forecasts, mainly on lackluster exports.
Russian President Vladimir Putin ordered a cap on rising vodka prices, as he battles to preserve his popularity.
Slumping oil prices have put Russia's economy on course for a sharp recession next year, its finance minister said on Friday.