Oil prices inched up toward $50 a barrel, although uncertainty ahead of an OPEC producer-group meeting later in the week was expected to cap gains.
U.S. stocks closed higher Friday, posting a solid week of gains, after Fed Chair Janet Yellen's remarks.
Treasury yields rose after Fed Chair Janet Yellen said that an interest rate hike is "probably" appropriate in the near-term.
Asian markets were mixed on Monday, as the dollar strengthened against most Asian currencies.
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, as traders eyed data for hints as to when the Fed will hike rates.
European stocks eked out gains on Friday amid a decline in oil prices.
Markets in Asia ended mostly higher on the week's final trading day as traders awaited direction from Fed chief Janet Yellen's comments due later.
U.S. stocks closed narrowly mixed Thursday, with investors looking ahead to comments from Federal Reserve Chair Janet Yellen.
U.S. government debt prices were mildly higher on as investors digested a speech from a key Federal Reserve official.
Europe closed under slight pressure on Thursday in a choppy session, as investors tried to make sense of the fluctuating oil price.
Across Asian markets, the energy plays rose as oil hit the $50-a-barrel mark for the first time since November, but broader markets were mixed.
The dollar fell against the euro, yen, and franc after U.S. economic data showed weakness in business spending plans.
Gold slid to a three-month low on Friday, extending losses after Fed Chair Janet Yellen indicated the central bank could raise rates within months.
U.S. stock index futures indicated a narrowly higher open as traders eyed data and awaited comments from Yellen ahead of the Memorial Day weekend.
Oil prices tested the $50-per-barrel mark on Thursday as production outages brought a faster-than-expected recovery to an oversupplied market.
U.S. stocks closed higher Wednesday with energy leading as oil held above $49 a barrel.
Asia markets mostly closed higher on Wednesday, with Hong Kong leading gains and several major indexes advancing more than 1 percent each.
The U.S. dollar rose against the yen for a second straight day and hovered near its highest level in roughly 10 weeks against the euro.
Gold fell to a seven-week low after upbeat data boosted expectations that the Fed will press ahead with interest rate hikes.
Oil prices were higher on after the U.S. government reported a larger-than-expected drop in crude stocks.