US stocks look set to open higher in Friday's trading session as investors were encouraged by remarks by US President Donald Trump indicating that several trade deals were in the making.

The Dow Jones Industrial Average futures was up 0.34%, S&P 500 futures gained 0.44%, and Nasdaq futures rose 0.53%.

Oil prices were sharply higher with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.9% and 0.91% respectively.

In other world markets, Japan's Nikkei surged 1.56%, Hong Kong's Hang Seng gained 0.40%, and China's Shanghai Composite was off 0.30%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was up 0.29%, while Germany's DAX and France's CAC 40 were up 0.67% and 0.73% respectively.

Later in the day, the Baker Hughes Rig Count will be released. The count is used to gauge oil and gas supply by tracking drilling activity, which could indicate which direction oil prices may be heading.

In equities, shares of ZK International Group (ZKIN) jumped 54%, piling on to its 123% gain on Wednesday. Corvus Pharmaceuticals (CRVS) shares surged 25% after it said late Thursday that new interim data from a phase 1 clinical trial of soquelitinib to treat moderate to severe atopic dermatitis showed a "favorable" safety and efficacy profile. Gogo's (GOGO) stock were up 26% after the company reported higher Q1 revenue. Shares of Pinterest (PINS) were up 11% after the company overnight posted higher Q1 non-GAAP earnings and revenue. And shares of Beasley Broadcast Group (BBGI) climbed 4% after a marginal loss the previous session.

On the losing side, Twin Vee Powercats (VEEE) shares tumbled 39%, eating into a massive 192% gain the previous session. shares of Iovance Biotherapeutics (IOVA) shed 37% after it reported late Thursday a Q1 loss and revenue that fell well short of analyst expectations. 1-800-FLOWERS.COM, Inc. (FLWS) 26% after reported a wider loss and lower revenue than analyst forecasts. Wolfspeed (WOLF) shares fell 29% in recent Friday premarket activity, a day after it posted a wider fiscal Q3 non-GAAP net loss and lower net revenue from a year earlier.