Oil futures slide as market unconvinced about producers' output freeze plan - despite Iraq signalling willingness to talk.
Next week, markets could be dependent on the first US Presidential Debate, which is scheduled for Monday.
Gulf Keystone CEO Jón Ferrier says the restructuring programme will pave the way for relaunching the company.
The US Fed signalled it could increase rates before the year-end if the labour market improves.
The BoJ will purchase long-term government bonds to keep 10-year bond yields at the current level of 0%.
Brent and WTI futures shed overnight gains as market continues to lose faith in producers' talks.
Analysts said that the general consensus was that the Fed would leave interest rates unchanged.
Oil futures see intraday recovery as silver jumps by over 2% on hedging calls.
Markets were muted to BIS warning of a Chinese banking crisis.
Lifting of force majeure at Libyan oil terminals and even more Nigerian output weighed on crude markets..
Stock markets in China and Hong Kong were closed due to the Chinese Mid-Autumn Festival holiday.
Traders are said to believe that the US central bank could increase interest rates in December.
Short-covering and a relatively weaker dollar ensure metal, energy futures register gains in US and Asia.
Crude futures continued to falter as Opec's monthly report pointed to rising global oil supplies
Brainard wants stronger US consumer spending and increasing inflation before raising interest rates.
Indian Minister for Petroleum and Natural Gas says Indo-British partnership strong enough to endure Brexit volatility.
Renewed speculation that US Federal Reserve might raise interest rates in September dragged oil and precious metal future lower.
A minimum of three Fed officials, including board member Lael Brainard, are expected to speak today.
Data pointing to the biggest decline in US crude inventories in 17 years sent Brent within touching distance of $50 per barrel
Oil prices move downwards after touching a two-week high.
American Petroleum Institute data pointing to a massive dip in US inventories send crude futures higher.
A Reuters poll showed that most analysts expect the ECB to keep interest rates unchanged.
Analysts continue to doubt prospects for an oil production freeze while precious metals market takes a breather.
Poor US ISM services and nonfarm payroll data has led traders to believe there will be no immediate rate hike.
Precious metals rise on weaker dollar, while oil futures see mixed trading on Saudi-Russian agreement.
A market analyst says Asian markets have been encouraged by better than expected post-Brexit UK and Europe data.
Futures rose by 1.5% after two of the world's leading producers agree to try to stabilise global supply.
Oil futures recover on comments from Russian President Vladimir Putin, as BP CEO Bob Dudley reveals oil price expectations.
The mixed trading in Asia also follows weak US factory activity data, reported by ISM.
Oil futures headed lower as US crude inventory data and a stronger dollar dented market confidence.