Oil surged to over $49 a barrel to hit new highs in 2016.
April new home sales in the US stood at 619,000 units, marking the highest level since January 2008.
US stocks end with gains of more than 1% for their best day since March.
Investors are looking forward to the 27 May speech by Fed Chair Janet Yellen.
The three major averages shed less than 10 points each, closing off session gains to end slightly lower.
The Japanese Nikkei traded lower after ministry of finance data revealed a fall in exports.
Iran's deputy oil minister said Tehran will target boosting crude exports to pre-sanctions levels.
Asian investors were muted to the hawkish comments from US Federal Reserve.
The S&P 500 erased gains from 2016 as Nasdaq barely clings on to gains made so far this year.
Many US Fed committee members said it would be 'appropriate' to increase interest rates in June.
Wall Street's largest investment bank still upgraded it's commodities to 'neutral' for the next 3-month period.
The S&P 500 and Dow Jones closed with little change while the Nasdaq finished 0.5% higher.
How you can invest in Sports Direct and Newcastle United.
Fed presidents Robert Kaplan and Dennis Lockhart spoke in favour of a rate increase.
Richard Herbert, a veteran at BP, is said to be a long-time ally of Bob Dudley, BP's chief executive.
Rebound in Apple shares and oil price gains led to a positive close on the Wall Street overnight.
The vault is in a secret location in London and has the capacity to house 2,000 tonnes of gold.
Apple led the Dow Jones higher after three straight weeks of declines.
The Church is being criticised for its investment in Google, which has been accused of avoiding taxes.
The negative news was offset by the Japanese yen, which managed to retreat by 0.25%.
This is amid non-Opec countries reducing their oil production.
Professor Jonathan Fisher QC is financial crime expert and professor at the London School of Economics.
These revelations follow David Cameron's anti-corruption conference held on 10 May in London.
Oil prices touched its highest levels in 6 months this week amid supply concerns.
The S&P 500 and Nasdaq composite were dragged lower by Apple, which slid 2.4%.
US companies such as Disney and Macy's reported disappointing corporate results overnight.
Retail posted its worst day since 2011, led by losses by Macy's Inc.
Asian investors concerned over absence of signs indicating a recovery in China and other emerging markets.
Asian stock markets follow a negative close on Wall Street and Footsie overnight.
The S&P 500 and Nasdaq rose as healthcare stocks rallied on 9 May.