Oil prices fell below $51 a barrel as crude output rose in virtually every major export region despite plans to cut production.
Gold inched up as bargain-hunters moved in, but a possible U.S. rate hike as early as next week capped gains.
U.S. equities closed higher on Monday, unfazed by a key vote in Italy which led to Prime Minister Matteo Renzi's resignation.
U.S. government debt prices were lower on Monday morning as the expected fallout from Italy's No vote failed to materialize.
U.S. stock index futures pointed to a flat-to-higher open on Tuesday after notching record highs in the previous session.
European markets closed higher on Monday afternoon despite earlier losses following Italian PM Matteo Renzi's announcement to resign.
Asian shares fell on Monday as investors digested news that both the Italian and New Zealand Prime Minister would resign.
The euro recovered from against the dollar after Renzi's loss in a referendum over constitutional reform was seen as largely expected.
Brent crude oil prices rose above $55 a barrel as optimism spread about the prospect of a tightening market.
Gold fell as the euro slid against the dollar after Italian Prime Minister Matteo Renzi lost a referendum on constitutional reform.
Stocks closed mostly flat as investors braced themselves for a key constitutional referendum.
U.S. government debt prices traded higher on Friday after the economy added more jobs than expected last month.
U.S. stock index futures pointed to a higher open on Monday as traders digested New York Fed President, William Dudley's speech.
European bourses closed lower Friday as political uncertainty in Italy and France intensified and investors eyed key economic data.
The dollar fell Friday after posting gains the last three weeks as a solid, but not spectacular, U.S. payrolls report spurred doubts.
Brent crude was on track for its biggest weekly rally since 2009 following OPEC's decision to cut crude output.
Gold recovered as the dollar drifted lower after U.S. jobs data, but is still on track for a fourth consecutive weekly decline.
U.S. stock index futures traded flat-to-lower on Friday as investors digested a better-than-expected jobs report.
Asian markets stuttered on Friday, snapping out of the reprieve seen post-OPEC output deal, as dollar strength pauses and investors eye U.S. payrolls.
U.S. equities closed mostly lower on Thursday as declines in tech offset a rally in financial stocks.