Oil prices jumped on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates.
Gold took a breather after soaring 4 percent the previous day but was still set for its best week in four years.
The dollar index rose on Friday after positive consumer spending data suggested the Fed may raise interest rates this year.
European markets finished sharply higher on Friday as crude oil prices and mining stocks rebounded.
Markets in Asia dropped on Friday, with Japan's Nikkei tumbling, after a sell-off on Wall Street fueled by volatile oil and worries over bank earnings.
U.S. stock index futures indicated a higher open on Friday.
Stocks closed lower, but well off their lows, as investors digested a massive global sell-off, oil, and OPEC deal chatter.
U.S. Treasury security yields plunged on Thursday to levels not seen since 2012 in some cases, but gained back ground during the day.
European stocks ended sharply lower on Thursday, as bank and commodity stocks sold off and investors remained jittery over the global economy's health.
Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile.
U.S. stocks closed mostly lower on Wednesday as investors digested remarks from Fed Chair Janet Yellen.
U.S. stock index futures pointed to a higher open on Wednesday after a very volatile week so far.
The dollar fell to a 15-month low against the yen on Thursday, on track for its worst week against the yen since 2008.
Oil futures rebounded Thursday afternoon after The Wall Street Journal reported OPEC members might be ready to cooperate on a cut.
Gold surged more than 4 percent to its highest in a year as U.S. Treasury yields persuaded investors to seek refuge in the metal.
U.S. sovereign bond prices fell on Wednesday, boosting yields as investors looked to the testimony from Federal Reserve Chair Janet Yellen.
European equities ended Wednesday's trade sharply higher, as sentiment was boosted by a rally in banks and remarks from Fed Chair Janet Yellen.
U.S. stock index futures indicated a sharply lower open on Thursday.
Monkeys threw a wrench into Asian markets in the Lunar New Year's first week of trading, with sell-offs in Japan, Singapore and Down Under Wednesday.
Oil prices seesawed on Wednesday as worries about a global supply glut offset a surprise drop in U.S. crude stockpiles.