Investors eyed an upcoming speech by the head of the Federal Reserve and U.S. inflation data for clues on the path of interest rates.
U.S. shale production is set to snap a three-month decline in February, the Energy Information Administration said.
Gold retreated on Wednesday from the previous day's eight-week high.
U.S. stock index futures pointed to a slightly higher open on Wednesday as traders digested a host of corporate earnings.
U.S. equities fell on Tuesday, with financials lagging, as uncertainty around President-elect Donald Trump's policies grew.
U.S. government debt prices were higher on Tuesday morning as investors geared up for President-elect Donald Trump's inauguration on Friday.
European markets mostly lower on Tuesday afternoon after U.K. PM May outlined her priorities for the upcoming Brexit negotiations.
Theresa May triggered the pound's biggest jump in eight years.
Gains were capped by forecasts for rising U.S. and Russian production and skepticism that OPEC as a whole would comply with output cuts.
Gold jumped to its highest in nearly eight weeks on Tuesday after U.S. President-elect Donald Trump said the dollar was "too strong."
U.S. stock index futures pointed to a lower open on Tuesday as investors digested key remarks from the top British leader.
Asia shares traded mixed on Tuesday, with Japanese stocks under pressure from a relatively stronger yen.
European stocks closed lower on Monday as investors await more detail on the U.K.'s Brexit plan and eyed Trump's inauguration on Friday.
Samsung shares slumped on Monday after news that a South Korean special prosecutor will seek an arrest warrant for the Samsung Group chief.
Sterling was hit by fears that Prime Minister Theresa May will say on Tuesday that Britain will lose its access to the EU single market.
Oil was pressured by doubts that large oil producers will reduce production and on expectations that U.S. production would increase.
Gold prices rose on Monday, supported by safe-haven demand due to uncertainty over U.S. policy.
Stocks closed mostly higher, boosted by strong quarterly earnings from banks, while investors also digested several pieces of economic data.
U.S. government debt prices fell on Friday, as investors digested key economic data.
European markets closed higher on Friday as investors digested better-than-expected corporate earnings from the U.S.