European equities closed higher as investors around the world reacted to the Fed's winding down of its stimulus program.
Crude was boosted on Friday by a positive outlook for U.S. fuel demand and reduced Libyan supply.
Asia stocks were mostly higher on Thursday after the Fed unveiled a cut in stimulus and vowed to keep rates low but China underperformed on liquidity fears.
Stocks surged on Wednesday after Fed said it will cut stimulus.
The dollar hit a five-year high versus the yen on Friday as markets focused on the divergence between U.S. and Japanese monetary policy, driving U.S. Treasury yields higher after Wednesday's Fed decision to start cutting bond-buying.
Oil rose on Wednesday, as investors took in stride a decision by the U.S. Federal Reserve to trim its monetary stimulus.
U.S. stocks surged on Monday as Wall Street tried to measure what's ahead for stimulus.
Japanese stocks outperformed on Wednesday on hopes that Prime Minister Shinzo Abe will unveil details on key reforms.
The dollar traded near a five-year high against the yen on Thursday, a day after the Federal Reserve announced its long-awaited first cut in its bond-buying program.
European equities traded lower on Friday, remaining near two-month lows, as investors continued to speculate over Fed tapering.
Stocks closed near unchanged on Tuesday as investors wait to hear whether the Fed will start tapering this year.
Brent oil fell by more than $1 on Tuesday and U.S. oil reversed an early rise, pressured by the specter of the Fed's policy meeting.
The dollar drifted higher on Tuesday, trading in narrow ranges, as investors continued to adjust positions ahead of this week's key decision on bond-buying by the Fed.
Gold prices eased on expectations that the U.S. central bank may soon be set to taper its bullion-friendly stimulus.
U.S. stocks finished lower on Thursday.
Gold futures settled higher on Wednesday after the Federal Reserve said it would begin tapering its bond-buying program to $75 billion a month.
Following the Federal Reserve's decision to taper its bond buys, the dollar rose against the euro before reversing, with the euro now higher.
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U.S. Treasurys prices ticked higher on Friday as data on U.S. producer prices suggested domestic inflation remained below the Fed's target.
Crude rose by more than 1 percent, boosted by positive economic data, while supplies remained cut off from Libya.
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