Oil edged up in a volatile session as the market weighs the prospect of higher supplies against the possibility of a production freeze.
Gold dipped on Wednesday, losing momentum due to profit taking following a rally in the previous session.
Asian shares ended mixed on Wednesday as weaker-than-expected U.S. data lowered the chances the Federal Reserve will hike rates this month.
Stocks traded higher, led by energy, as Wall Street despite shockingly weak economic data while keeping an eye on oil prices.
U.S. government debt prices traded higher, with investors keeping an eye on the moves seen in the oil price, and digesting key economic data.
European stocks seesawed in trade on Tuesday as oil prices slipped and poor U.S. service sector data pushed many markets down.
The dollar fell on Tuesday after the release of a report on U.S. economic data that showed its worst reading since February 2010.
Oil prices fell 2 percent on Tuesday, falling further from the previous session's one-week high.
Gold prices rose on Tuesday as the dollar weakened.
Asian shares traded mixed as investors digested the Reserve Bank of Australia's decision to keep cash rates unchanged at 1.5 percent.
U.S. stock index futures pointed to a slightly higher open on Tuesday, as investors remained watchful over the recovery in U.S. crude.
European stocks ended Monday slightly higher after paring some gains as the rally in oil prices faded.
This came after the head of the BOJ disappointed investors who had expected a clear signal that monetary policy would be eased.
Crude prices were higher Monday but pared gains shortly after a joint statement from Saudi Arabia and Russia.
This came as the dollar slipped on receding expectations of an imminent U.S. interest rate rise, following weak jobs numbers.
U.S. equities closed higher, with the three major indexes posting weekly gains, following a disappointing employment report.
European shares closed higher on Friday after official U.S. jobs data for August fell short of expectations, a factor that could influence when the U.S. Federal Reserve next hikes interest rates.
Asian markets rise with investors cheering a disappointing U.S. August jobs report, paring expectations the Fed would hike rates in September.
Nonfarm payrolls increased just 151,000 for the month, below the expected 180,000.
The dollar fell on Friday after the jobs data disappointed.