Opec will meet at end of the month to discuss a deal aimed at curbing production in oversupplied oil market.
Japan said its third-quarter GDP had grown 2.2% on-year in the three months ended September.
Analysts expect oil markets to benefit from Donald Trump's presidency, as Opec struggles to cut production.
Oil traders warn that a win for Trump would be bad for world trade.
At least five major polls on Monday showed Hillary Clinton to still have a lead over Donald Trump.
Gold declines over 1% after FBI finds no criminal evidence in Hillary Clinton's emails ahead of US elections.
Analysts have been cited as saying that investors see the FBI decision as a positive sign for markets.
Oil futures remain in negative territory as oversupply sentiment weighs on trading.
Chances of Opec and non-Opec coordinated cuts are slim based on past form, says industry veteran.
Demand for physical gold continues to rise despite extreme volatility in the futures market.
Investors are said to fear that a win for Trump could put at risk global trade and growth.
At odds with industry peers, oil giant Shell's finance chief warns crude demand will peak before supply.
The Shanghai Composite gets a boost after China reported positive growth in its services sector.
Splits at Opec escalates oil market crisis as Brent, WTI futures register massive intraday declines.
Concerns over Opec ability to lower crude production weighed on oil prices, while gold rose as dollar weakened.
China's official and private Caixin manufacturing PMI came in at 51.2 in October, indicating expansion.
Oil futures took a hammering following reports of splits within Opec ranks.
Analysts say if Donald Trump wins the US election, it could lead to a decline in stock markets.
Both companies are hosting an investor webcast at 8.30am ET, most likely to announce the deal.
Brent, WTI slumped below $50 as traders showed increasing signs of losing faith in Opec promised of a crude production cut.
The UK economy grew by 0.5% over the third quarter of 2016, in the three months after the EU referendum.
Brent, WTI rally after report suggests Opec members may be willing to cut individual production by as much as 4%.
Official data showed that China's industrial profits slowed in September.
Brent, WTI futures extend declines on Iraq's demand for exemption from Opec's proposed production ceiling.
Australia's third quarter consumer price index beat expectations by increasing 0.7% on-quarter.
According to official data, South Korea's GDP for the third quarter grew by just 2.7% on-year.
Brent, WTI futures slide on reports Iraq is demanding exemption from proposed production ceiling on financial grounds.
Japanese exports fell 6.9% in September, better than a Reuters forecast of a 10.4% decline.
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.