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December Brent futures rose 0.3% to $109.90 a barrel, while December WTI futures also advanced. Traders weighed persistent Middle East supply risks against recovering Gulf crude exports and prospects for additional Russian energy supplies.
Stock futures rose Friday as AI-related shares recovered and oil prices fell. The rebound followed Thursday's tech selloff, while investors also looked ahead to next week's earnings season and later U.S. consumer sentiment data.
Brent crude rose 4.1% to $104.28 a barrel and WTI gained 3.6% to $91.49 as traders weighed U.S.-Iran tensions, elevated Persian Gulf shipping risks and Gulf of Mexico production shut-ins ahead of Hurricane Isaias.