Breaking market and financial news from UK and International markets. Get the latest and top business news, market data, forex news, stocks, share prices and Commodities news at IBTimes UK.
Brent, WTI fail to extend recent gains while precious metal benchmarks head sideways after overnight declines.
A few analysts opined that the US currency would continue to gain until December.
The deal is expected to close in the fourth quarter of 2016.
Silver led precious metals lower after the ECB decided to hold interest rates, but hinted at further stimulus action in December.
Asian markets also got a boost from strong US earnings and oil prices touching near 15-month high overnight.
Greater than expected decline in US crude stockpiles for sixth successive week sparks oil futures market frenzy.
The GDP data reduces investor concerns over growth in the world's second largest economy.
Mining giant says oversupply in the raw materials market may be easing.
Oil price registers modest movement as Saudi data points to lower crude production.
Fed vice chairman Stanley Fischer had said that a few economic factors were delaying the jump in interest rates.
Crude futures saw volatile session despite data suggesting short calls on WTI had fallen 53% in recent weeks.
This confidence is, however, expected to drop to zero over the next three months.
Oil benchmarks saw another volatile session after data pointing to supply drops neutralised crude inventories build-up stateside.
China's supplier and consumer prices both increased year-on-year in September.
Oil benchmarks slide on oversupply sentiment, while precious metals struggle against a stronger dollar.