Oil prices resumed their downward march on Monday after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.
Gold edged up as the dollar retreated against the euro, though stronger equities and appetite for risk continued to dull the metal's appeal.
Asian equities largely rose on a data-light Monday following a bounce in oil markets and a third consecutive winning session on Wall Street last Friday.
U.S. stock index futures signaled a higher open on Monday after a record close Friday, still fueled by the pledge from the Fed.
Stocks rose on Friday, after the S&P 500's best two-day streak in years.
Bids emerged after yields rose on comments from Fed Chair Janet Yellen about patience on rate hike.
European shares closed mixed on Friday, with Italian banking stocks and the health care sector weighing on wider benchmarks.
The U.S. dollar rose against major currencies for a third session on diverging monetary policy between the Federal Reserve and other central banks.
U.S. crude futures rallied more than $2 a barrel on Friday on book-squaring ahead of the contract expiry and pre-holiday short-covering.
Gold steadied struggling to rise above the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased.
Asian equities put up an upbeat performance on the final trading day of the week, following an inspiring U.S. lead overnight as investors cheered the Federal Reserve's pledge to be patient in increasing interest rates.
U.S. stock index futures signaled a higher open following Thursday's rally, which saw the Dow industrial average climb to a three-year high.
Stocks surged on Thursday after the Fed said it would be patient in increasing rates and as oil rose.
U.S. government debt prices moved lower on Thursday, after the Federal Reserve tweaked its comments on the timing of an interest rate rise.
European shares closed sharply higher on Thursday with global sentiment boosted after the Federal Reserve said it had confidence in the economy.
Gold climbed more than 2 percent after the Federal Reserve said it would take a patient approach toward raising interest rates.
Global crude prices fell again on Thursday, a day after rallying, as traders placed new bets that the market would resume a six-month rout.
Asian equities mostly rose on Thursday, with the exception of Seoul, as investors took heart from a turn in oil prices and after the Federal Reserve said it was confident in the U.S. economy.
Stocks rose Wednesday as investors bet the Fed would continue to support the economy.
U.S. stock index futures signaled a sharply higher open on Thursday, as Wall Street cheered comments from Federal Reserve Chair Janet Yellen.
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