Harry Tchilinguirian, head of commodities market strategy at BNP Paribas, tells CNBC that continued QE by the US Fed, a pickup in the Chinese economy and a continued squeeze on Iranian production will drive oil up.

Louisa Bojesen takes you through the European market close, where stocks have come in lower.

James Bullard, president and CEO of St. Louis Federal Reserve Bank, tells CNBC that if you allow a flexible exchange rate you can have your own independent monetary policy regardless of the US.

Eric Boullier, team principal at Lotus F1 Team, tells CNBC that the Monaco Grand Prix is a very special race, with a lot of demand and requests from sponsors.

James Bullard, president and CEO of St. Louis Federal Reserve Bank, says the Fed has learnt from the Bank of England's "ruled-based" policy but that the on "forward guidance", it hasn't been as good as the Fed.

Herbert Hainer, CEO of Adidas, tells CNBC how they are helping to grow soccer in the United States in partnership with Major League Soccer.

David Mackie, chief European economist at JPMorgan and Andrew Sentance, senior economic adviser at PwC, explain why the U.K should remain a member of the EU.

David Mackie, chief European economist at JPMorgan and Andrew Sentance, senior economic adviser at PwC, discuss the U.K.'s economy and say that it is in better shape than most people expect.

Tobias Blattner, director at Daiwa Capial Markets, tells CNBC that recent data out of Germany suggests that the pace of growth is going to speed up in quarter two.

Andy Haldane, executive director for financial stability at the Bank of England, says the economy is "healing" but that we're still "a long way short off normality".

James Bullard, president and CEO of St. Louis Federal Reserve Bank, explains why he was not surprised to see such volatility in the Nikkei.

Joshua Raymond, chief market strategist at City Index, talks about the FTSE, which had its biggest fall in one year on Thursday, and says the main concern is whether buying will come back quickly.

Robert Buckland, chief global equity strategist at Citi Investment Research, says that markets look "fairly valued" and discusses the emerging markets and its opportunities.

James Bullard, CEO and president of the St. Louis Federal Reserve Bank, comments on the U.S. economy, the possibility of tapering off the Fed's stimulus program, and volatility in Japan.

Geoffrey Yu, FX strategist at UBS, discusses the U.S. dollar's recovery against the Japanese yen as well as the Nikkei's drop and says it's a "very healthy correction" for the USD/JPY bulls.

Holger Schmieding, chief economist at Berenberg Bank, says the overall global economic picture is improving with Europe slowly pulling out of recession and the U.S. private sector looking more solid.

James Bullard, member of the Federal Reserve, tells CNBC why the US economy has taken longer than expected to recover, despite the huge amounts of stimulus.

Jan Randolph, head of sovereign risk at IHS Global, tells CNBC that the financial system is representative of two drunks: the financial markets and the real economy.

John Wraith, fixed income strategist at BofA Merril Lynch Global Research and Valentin Marinov, director of FX strategy at Citi, discuss the Nikkei's correction and the strength of the U.S. recovery.

Chris Watling, CEO of Longview Economics, tells CNBC that markets are looking for an excuse to take profits and they've created it with the reaction to the Fed comments.