Brent rose Tuesday as European economic data and increased Chinese crude imports outweighed Asia growth concerns and global oil oversupply.
U.S. stock index futures pared gains to trade mostly lower after another day of volatility and disappointing data from Japan and China.
European equities closed more than 1 percent higher on Tuesday, despite weak data from China that caused further volatility in Asian markets.
Asian stocks endured volatile trading on Tuesday, with China's Shanghai Composite index lurching higher in the final minutes of trade.
U.S. stock futures pointed to a firm open for Wall Street Wednesday, after sharp gains in world markets that saw Japanese stocks surge over 7 percent.
U.S. Treasury yields crept up on Tuesday, pushing prices down as a generally firm tone in global stock markets dented the appeal of safe haven debt.
Gold firmed on Tuesday as a retreat in the dollar helped the metal snap a four-day losing streak, but remained close to 2-1/2 week lows.
European equities ended higher on Monday, bucking the trend set in Asia, with shares of commodities trader Glencore soaring after it unveiled a debt revamp plan.
Oil fell as Chinese stocks weakened, but a firmer dollar and oversupply fears weighed on prices. The U.S. Labor Day holiday kept trade thin.
Gold struggled near a 2-1/2-week low, after U.S. payrolls data failed to provide clarity on the timing of a Federal Reserve rate hike.
The dollar clawed back some of the ground it had lost against the yen on Monday, after skidding on mixed U.S. employment data.
Asian shares mostly fell on Monday, as nervousness prevailed following China's wild swings and last Friday's sell-off on Wall Street.
U.S. stocks closed more than 1 percent lower ahead of a long weekend as uncertainty about the timing of a rate hike and Chinese growth weighed.
U.S. sovereign bonds pared gains on Friday, weighing on yields amid the jobs report.
The number of rigs in U.S. oilfields fell by 13 to a total of 662, compared with 1,584 at this time last year.
Gold prices fell towards a second weekly loss on Friday after U.S. payrolls data failed to allay uncertainty over a near-term interest rate hike.
U.S. equity markets, which reopen on Tuesday after a long weekend, are tipped to open higher amid gains in European and Asian stock markets.
The dollar stood lower on Friday as data showing U.S. unemployment in August at its lowest since 2008.
Asian stocks declined on Friday, as investors awaited the U.S. nonfarm payrolls report for August.
U.S. stocks closed mixed, attempting to extend a recovery as investors eyed oil prices and awaited Friday's key jobs report.
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Manufacturing in China contracted more slowly in November and the services industry grew, signs that the economy's transition is on track.
Asia's third-largest economy expanded at a 7.4 percent annual rate in the July-September quarter, compared with 7 percent in April-June.
Jan Hatzius, Goldman Sachs's top economist, expects the Federal Reserve to go gradual on rates, and for modest U.S. growth to prevail.