Oil prices rose in an up-and-down session, lifted by news Saudi Arabia had cut production to meet OPEC's agreement to cut output.
Gold rose to its highest in four weeks on Thursday as the U.S. dollar stepped further away from a 14-year peak.
U.S. stock index futures pointed to a lower open on Thursday amid a slew of economic data.
U.S. stocks rose on Wednesday as investors digested the Federal Reserve's December meeting minutes.
U.S. government debt prices rose on Wednesday after the release of the Federal Reserve's December meeting minutes.
European markets closed lower despite an uptick in inflation figures on Wednesday afternoon.
Stocks rose on Tuesday, the first trading day of 2017, but closed off their session highs as oil prices gave back initial gains.
Investors were cautious about increasing bets on the greenback before getting fresh clues on the U.S. economy.
Oil prices recovered after a sharp decline in the previous session on expectations US crude stockpiles are falling.
Gold touched a near-four week high on Wednesday as the dollar edged back from a 14-year peak.
Japanese shares jumped more than 2 percent on Wednesday as recent surveys suggest global manufacturing sectors might be seeing a strong turnaround.
U.S. stock index futures pointed to a higher open on Wednesday as traders digested a bullish start to the year.
U.S. government debt prices were lower on Tuesday as investors parsed through key data reports on the first trading day of the year.
European markets closed higher on Tuesday following good figures from China and Europe.
Dealers and investors in London returned to push the greenback to within 1 percent of December's long-term highs.
Oil prices fell as the U.S. dollar strengthened, making greenback-denominated commodities like crude more expensive to some buyers.
Gold erased earlier losses to trade sharply higher on Tuesday, shrugging off the dollar's buoyant start to the new year.
U.S. stock index futures pointed to a higher open on Tuesday as traders eyed key data releases on the first trading day of 2017.
Asian markets gained on Tuesday, after China's Caixin PMI for December came in stronger than expected.
European markets started the new year on a negative footing but have reversed losses during mid-morning trading.