Brent and U.S. crude rebounded modestly in choppy trading, with weak Chinese data briefly pushing the October Brent contract to a two-year low.
Gold settled higher on softer stocks after disappointing data from China, was still near an eight-month low ahead of the Fed's policy meeting.
Sweden's crown fell to a two-month low against the euro after the country elected a minority government.
Asian stock markets were mostly lower on Monday following weak Chinese data while overall trading volumes were light with Japan closed for a holiday.
U.S. stocks closed down on Friday, breaking five weeks of consecutive gains as investors awaited the Federal Reserve's announcement next Wednesday.
Wall Street looked set for a lower open on Monday, ahead of the Federal Reserve's policy decision on Wednesday.
U.S. Treasury yields continued to gain on Friday, as investors contemplated new sanctions against Russia.
European shares were mixed as investors monitored developments in Russia and Scotland, as well as eyeing an important Fed meeting next week.
Crude oil revisited levels near multi-month lows, pressured by a strong dollar, weak demand and ample supplies.
Gold posted its worst week since May on Friday, as a lack of physical and investment demand and widespread commodities losses weighed on bullion.
The dollar index was headed for a ninth consecutive week of gains after retail sales data added to expectations that U.S. growth is gaining steam.
Asian equity markets were mixed on the final trading day of the week as investors avoided making aggressive bets before a key set of Chinese data over the weekend.
Stocks cut losses to close mixed on Thursday as geopolitical tensions lingered ahead of consumer data.
European shares closed lower on Thursday on concerns regarding U.S. military action and an independence vote in Scotland.
Oil rebounded from multi-month lows on Thursday, with U.S. crude staging a modest recovery from an 8 month low.
Gold logged its fourth straight daily loss on Thursday, weighed by increasing speculation that the Fed could soon raise rates sooner than expected.
The U.S. dollar hit a six-year high against the yen and sterling recovered some ground after recent nerves over Scottish independence.
Asian indices traded mixed on Thursday, overlooking a positive handover from Wall Street.
Stocks rose on Wednesday, with social-media shares helping lift the technology sector.
Yields rose as traders absorbed a new supply of US 10-year notes and continued to anticipate a more hawkish statement from the Fed next week.
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