US stock futures climb amid oil drop

U.S. stock futures rose as oil prices declined and investors waited for August Consumer Price Index (CPI) data, which is expected to show a 0.4% monthly increase and a 3.4% rise year-on-year, potentially influencing the Federal Reserve's decision on interest rate hikes in September. Shares of companies like Oracle also gained after surpassing earnings expectations, while oil prices fell between 3.3% and 3.6%. This drop reduced the week's oil gains to around 8%, amid inflation concerns stemming from rising energy costs. The market is now focused on the upcoming CPI figures, which will play a crucial role in determining the direction of U.S. interest rates.

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