U.S. crude reached its highest in a month on Thursday, as bitter cold in the United States boosted demand.
Crude fell, with Brent falling toward $107 as investors dumped risky assets over worries about weaker emerging market economies.
Asian stocks suffered heavy losses on Thursday amid signs of a contraction in China and following the Fed;s decision to continue reducing stimulus.
U.S. stocks fell sharply on Wednesday, as concern deepened about emerging markets.
Bond prices rose after the after the Federal Reserve released the minutes of its most recent policy committee meeting on Wednesday.
European equities closed lower on Wednesday, as global markets awaited a policy announcement by the U.S. Federal Reserve.
Gold settled lower as global equities rebounded from their lowest in more than a month and emerging markets stabilized after three days of selling.
European equities closed higher on Thursday after data from the U.S. had the economy expanding in the fourth quarter.
U.S. crude oil futures fell after data showed a hefty build in inventories.
Asian equity markets rebounded on Wednesday after a rate hike from the Turkish central bank soothed worries over volatility in emerging markets.
Stocks climbed on Tuesday, with the Dow rising after a five-session losing streak.
U.S. stock index futures struggled around the flatine Wednesday, a day after an aggressive rate hike from the Turkish central bank and as investors looked ahead to the Federal Reserve's next move on stimulus.
Treasury prices were little changed before a $32 billion auction of two-year fixed-rate notes.
U.S. crude rose nearly $2, narrowing its discount to Brent as traders expected data to show supplies were draining from a delivery point.
Safe-haven currencies like the yen and the Swiss franc were much in demand on Monday as an emerging markets sell-off continued.
The dollar regained a firmer footing against the yen on Tuesday as investors took a breather from a sell-off of stocks and emerging market assets.
Asian equity markets stabilized on Tuesday following two straight sessions of sharp losses but caution prevailed ahead of a Federal Reserve meeting.
The yen rose against the dollar, suggesting emergency action to stabilize Turkey would not be enough to quell nerves over emerging markets.
U.S. stock index futures pointed to a mixed open as global markets awaited word from the Federal Reserve on further tapering.
Stocks declined on Monday, with the Dow Jones Industrial Average losing steam in the wake of its worst week since November 2011.
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