U.S. crude prices fell as much as 5 percent after Saudi Oil Minister Ali Al-Naimi ruled out any production cuts.
Gold rose on Tuesday as European shares fell and inflows into bullion funds continued, boosting to prices.
U.S. stocks closed lower Tuesday, as hopes of an oil production cut were dashed and after a miss in the consumer confidence index.
U.S. stocks closed more than 1 percent higher Monday, building on their best weekly gain of 2016, as oil prices climbed.
U.S. sovereign bonds were lower on Monday morning as investors kept an eye on wild fluctuations in the oil markets.
European equities enjoyed an ebullient Monday, buoyed by a positive trend set in Asia and a rebound in commodity prices.
Asia markets traded mostly higher, but analysts weren't confident of the rally's longer term sustainability.
The dollar rose to a three-week high, bolstered by gains in oil and stocks as well as losses in sterling and euro.
Oil rose after the International Energy Agency said on Monday it expected U.S. shale production to fall this year and next.
Gold fell Monday as the dollar strengthened and investor appetite for risk increased.
U.S. stocks closed mixed Friday, mostly shaking off pressure from declines in oil prices to post their best weekly gain of the year so far.
U.S. government debt prices were mixed on Friday as investors digested the latest consumer price inflation data and oil prices.
U.S. stock index futures indicated a lower open on Tuesday as a rebound in commodity prices ran out of steam and global equities lost ground.
European markets finished firmly in the red on Friday as the decline in oil prices and performance in other markets weighed on sentiment.
Markets in Asia finished the final day of the trading week mixed, but major markets registered weekly gains.
U.S. stocks closed lower Thursday, stabilizing after their largest three-day gain since August, as investors eyed oil prices and corporate news.
U.S. government debt prices were mixed on Thursday as investors digested U.S. data as well as the minutes from the last Federal Reserve meeting.
Europe finished mixed on Thursday as optimism on earnings, failed to completely offset turbulence surrounding various commodities.
U.S. stock index futures indicated a higher open on Monday as a rebound in commodity prices helped boost sentiment across global equity markets.
Most Asian markets tacked on gains on Thursday despite mostly poor economic data, as investors started to worry about missing a bargain.