Oil prices fell on worries that U.S. rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut.
Markets in Asia traded mixed amid lingering uncertainties over key central bank policy meetings due next week.
U.S. stocks closed mostly lower on Wednesday, with energy weighing, as oil prices fell sharply despite bullish inventories data.
U.S. government debt prices traded higher on Wednesday as investors looked ahead to the Federal Reserve’s meeting next week.
European stocks ended mostly mixed on Wednesday, as a renewed decline in oil prices put a dampener on sentiment.
The U.S. dollar reversed earlier gains against the yen on Thursday as traders doubted that the Bank of Japan (BOJ) would be able to weaken the yen.
News of rising Iranian exports and returning supplies from Libya and Nigeria fueled concerns that the global glut will persist.
Gold slipped as the dollar and European equities edged upwards, curbing demand ahead of next week's Fed meeting.
U.S. stock index futures indicated a higher open on Thursday as traders digested a host of data.
Oil prices extended losses on Wednesday after data showed large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles.
Gold prices rose whilst the dollar slipped as the market waited for clues on the timing of interest rate rises in the United States.
Asia markets traded mostly lower on Wednesday, tracking U.S. losses, as uncertainty over central banks' next moves spurred jitters.
The U.S. dollar eased against the yen on Wednesday after skepticism grew that the Bank of Japan would intensify its stimulative monetary policies.
U.S. stock index futures pointed to a slightly higher open on Wednesday, as investors remained cautious over choppiness in the oil market.
U.S. stocks closed sharply lower Tuesday, lead by energy, as investors digested a spike in volatility and falling oil prices.
U.S. government debt prices traded lower on Tuesday, as investors pondered over when the Fed could raise interest rates, while watching oil.
European stocks finished lower on Tuesday as sentiment was hit by a sharp fall in the oil price.
Asian markets were mixed, giving up earlier gains despite slightly better-than-expected China data and a dovish speech from Fed Governor Brainard.
The U.S. dollar gained against the yen and riskier commodity currencies such as the Australian and New Zealand dollars on Tuesday.
Oil fell on Tuesday following a gloomy prediction from IEA on demand growth that suggested the global overhang of inventories may persist.