Crude jumped as the prospect of a likely supply cut from OPEC outweighed the impact of weak demand from the world's biggest energy consumers.
Renewed sales of the Australian dollar were the main move on major currency markets on Tuesday.
Asian equity markets ended mostly lower on Tuesday as investors awaited the start of a U.S. Federal Reserve meeting later in the day.
U.S. stock index futures pointed to a lower start to trade on Tuesday, as investors awaited the start of the Federal Reserve meeting.
U.S. stocks mostly held steady on Monday, but the Nasdaq Composite and technology shares fell.
U.S. Treasury bonds traded flat to higher on Monday, ahead of the Federal Reserve's policy decision on Wednesday.
European shares closed slightly lower on Monday, with trade range-bound due to concerns over the upcoming Fed meeting and Scotland vote.
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.
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