Oil futures fell about 2 percent on Monday as signs of rising U.S. crude output continued to weigh on prices.
But, political and economic uncertainty in the U.S. and Europe is expected to continue to give underlying support for now.
Asian markets were in positive territory after U.S. markets climbed to new highs last week on improved risk appetite.
U.S. stock index futures pointed to a higher open on Monday as traders eyed earnings and comments from the Fed later in the week.
Stocks climbed to new record highs a day after Donald Trump promised to release a tax plan in the near future.
U.S. bonds fell as the post-election reflation trade regained traction, while investors digested key economic data.
European markets closed flat on Friday as investors tracked earnings and looked ahead to the meeting between Trump and Abe.
The dollar gained in part on expectations of a constructive meeting between President Donald Trump and Japanese Prime Minister Shinzo Abe.
Oil prices rose after news that OPEC members' initial compliance with last year's landmark production cut deal reached a record high.
Gold fell after Donald Trump promised a major tax announcement and as economic data boosted expectations of a U.S. rate hike.
Asian markets climbed higher on Friday, following a boost in U.S. equities after President Trump said he would soon announce a tax plan.
U.S. equities rallied after President Donald Trump said he would give an announcement regarding taxes in the next few weeks.
U.S. stock index futures pointed to a higher open on Friday as traders eyed the release of data and earnings.
U.S. government debt prices fell on Thursday following remarks made by President Donald Trump about taxes.
European markets closed higher on Thursday as investors focused on earnings and took a cautious approach amid rising political uncertainty.
The New Zealand dollar was by far the biggest faller among major currencies on Thursday.
Oil prices rose after an unexpected draw in U.S. gasoline inventories pointed to higher demand in the world's biggest oil market.
Gold prices fell after Donald Trump said he would give an announcement regarding taxes in the next few weeks.
U.S. equities closed mixed Wednesday as financials led decliners, while oil rebounded following the release of key supply data.
Asian shares were mixed on Thursday following the mild close in U.S. markets, as gold prices trade at three-month highs.