Oil prices were on track to a weekly loss as potentially higher Iraqi crude exports and bearish U.S. inventory data weighed on the market.
The dollar index also hit its highest level since March.
U.S. stocks closed lower as oil prices weighed and the market consolidated ahead of next week's Fed meeting.
U.S. government debt prices were lower on Thursday morning as investors digested the release of several pieces of data.
European stocks finished mostly around the flatline after the ECB left its key interest rate unchanged and as investors digested more earnings.
Most Asia markets rose on Thursday, with Japanese shares advancing after reports suggested the government was preparing a sizable stimulus package.
Oil prices fell on Thursday after the U.S. Energy Department reported a ninth consecutive weekly drawdown of crude stocks.
Gold remained above a three-week low on Thursday, as the dollar and European shares fell.
The dollar fell after a six-week high against the yen, while the Euro showed little change after ECB keeps policy unchanged.
U.S. stock index futures indicated a higher open Thursday as traders eyed a raft of both earnings and data.
U.S. Stocks closed higher Wednesday as Wall Street celebrated better-than-expected earnings off of a record week of gains for the Dow.
Asia markets lost momentum on Wednesday, while Nintendo tumbled after reports the Japan launch of the highly popular "Pokemon Go" app was postponed.
Gold fell to its lowest in three weeks on Wednesday on higher equities and as the dollar hit a four-month high.
Oil prices pared losses after government data showed U.S. crude stockpiles fell by 2.3 million barrels last week.
U.S. stock-index futures rose on Wednesday as investors cheered better-than-expected earnings from Morgan Stanley.
The dollar hit a four-month high against a basket of currencies, bolstered by strong U.S. data and expectations of Fed rate rises.
Wall Street pulled back Tuesday after stocks hit record levels this week and investors digested second-quarter earnings.
European stocks closed largely lower on Tuesday, but pared some losses, as investors trod carefully amid earnings and geopolitical tensions.
Asian markets closed mixed on Tuesday, with the Nikkei climbing despite heavily weighted SoftBank tumbling after its $32 billion bid for a chip firm.
Gold edged higher on Tuesday, as European shares hit a one-week low.