Brent, WTI futures bounce back after reports suggest Saudi Arabia would reduce sales to Chinese and India buyers.
Sterling drops below $1.21 for the first time since late October as dollar surges ahead of Donald Trump's press conference
Market continues its bull run, buoyed by a weak pound and promises of a $1trn US stimulus package.
The FTSE 100 ended 2016 with an all time high of 7,142.
Investors are keen to know Trump's stance on various policies including taxes and infrastructure spending.
Brent, WTI futures extended losses as Libyan production jumps to three-year high.
Ratings agency S&P says global sovereign downgrades will continue to outnumber upgrades yet again over the next 12 months.
Strong Christmas sales figures from Morrisons sees top-flight shares surge.
Pound drops to lowest level since 10 November as investors fret over Theresa May's Brexit strategy.
Most US indices slipped ahead of US President-elect Donald Trump's news conference on Wednesday.
Brent, WTI futures see near 3% falls as US rig count data points to rising shale production.
Ratings agency S&P believes 2017 could mark the return rising inflation to Europe.
The Prime Minister's comments on Brexit spark a fall in the pound and a record high among FTSE 100 stocks.
Pound drops below $1.22 after Theresa May hints Britain will leave the EU single market.
The sphere of economics has learnt to its cost that unorthodox thinking is not some inconvenient balderdash.
US stocks ended higher on Friday amid optimism over US President-elect Donald Trump's plan on taxes and spending.
US non-farm payrolls report strengthens dollar, clobbering gold, while oil futures stay in recent range.
Traders are unmoved by the US economy adding 156,000 jobs in December.
US economy adds less jobs than expected but rising wages see dollar rally against its main rivals.
Donald Trump said Toyota will face a 'big border tax' on cars built in Mexico for the US market.
Gold futures lead precious metals higher for third successive session, but oil rally came to a halt.
Traders focus on minutes of the US Federal Reserve's meeting, which indicate rate rises may come at a faster pace in the next year.
Pound falls below €1.16, while dollar retreats against main rivals amid rising concerns over Donald Trump's presidency.
A survey showed that China's services sector had grown to a 17-month high in December.
The market grew by more than 30% in 2016.
Precious metals are led higher by gold as safe-haven seekers continue to pile in to the yellow.
Prices in the 19 countries using the euro spiked 1.1% in year-over-year terms.
Pound gains against the dollar, while euro holds steady as Eurozone inflation hits highest level in over three years.
A fall in Christmas trading at Next prompts sliding shares among retailers as traders fear a tough year.
Gold investment demand tends to go up when the world economy is uncertain and volatile.