Demand fears clipped an early rally in oil on Wednesday, despite data showing a steep drop in U.S. inventories.
The euro turned higher in choppy trading Wednesday as traders reacted to headlines that the ECB is unlikely to take new action early next week.
Asian equity markets were mostly higher on Wednesday after the S&P 500 index closed above the 2,000 mark for the first time ever.
Gold rose on Tuesday after a pause in the dollar rally prompted a break above $1,280 an ounce that triggered chart-based buying.
Stocks rose on Tuesday after a report had orders for durable goods jumping far more than expected in July.
Treasurys were little changed, though prices on 30-year bonds fell as investors unwound some bets that the yield curve would continue to flatten.
European shares closed higher on Tuesday as investors anticipated easy monetary policy for the euro zone and closely watched events in Ukraine.
Wall Street looked set to open higher on Wednesday, after the S&P 500 closed above 2,000 for the first time.
U.S. crude rose as bullish U.S. consumer data overshadowed ample global oil supplies and weak economic data abroad.
The dollar softened on Tuesday while the euro further struggled on expectations of soft inflation data and more monetary easing.
Asian equity markets were mostly lower on Tuesday as tensions over Ukraine took the shine off Wall Street's overnight gains.
Stocks rose on Monday as investors welcomed M&A and looked to the European Central Bank for further monetary easing moves.
Wall Street was seen opening flat on Tuesday, with Dow futures marginally higher and S&P 500 futures slightly lower.
U.S. bonds traded flat-to-higher on Monday, with stock markets in Europe and U.S. stock-market indexes boosted by comments from comments from Janet Yellen and Mario Draghi.
European shares closed higher on Monday following a key speech by Mario Draghi, the president of the European Central Bank.
Oil was mixed on Monday, as ample supply and weak demand countered support from geopolitical tensions.
Gold settled near its lowest in two months on Monday, pressured by a stronger U.S. dollar and a rally in global financial markets.
The euro fell to its lowest in nearly a year against a broadly firmer dollar on Monday after comments from the head of the European Central Bank.
Asian indices painted a mixed trading picture on Monday after a gathering of central bankers failed to give any clues about interest rates.
Stocks mostly fell Friday amid Russia-Ukraine tension and talk from the ECB's Mario Draghi and Fed Chair Janet Yellen.
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At the height of the crisis, she told colleagues things were so bad people were literally breaking into piggy banks.
Saudi Arabia's oil minister said he expected oil prices, which hit a near six-year low in January, to stabilize, signalling cautious optimism.