Wall Street has taken notice — share prices for companies in oil, gas, and drilling have moved higher with crude prices. The S&P 500 has dropped nearly one percent in that stretch. The energy sector within that index has rallied nearly 7 percent.

Wall Street's main indexes were set for a higher open on Friday after a crucial labor report eased concerns about a rapid cooldown in the jobs market, while investors remained vigilant for potential escalations in the Middle East conflict.

Wall Street looked shaky during its opening on Wednesday, with U.S. stocks fluctuating as investors navigate a surge in oil prices amid ongoing tensions in the Middle East. The S&P 500 slipped 0.3 percent, while the Dow Jones Industrial Average dipped by 14 points or less than 0.1 percent and the tech-heavy Nasdaq composite dropped 0.4 percent.

Wall Street was poised to open slightly lower on Thursday after a moderate rise in jobless claims sparked worries about the health of the labor market, while cautious investors kept an eye on the Middle East for any escalation in hostilities.

Wall Street's main indexes had a dour start to the final quarter of the year, with the S&P 500 and the Nasdaq touching about two-week lows in the previous session, as investors sold riskier assets after Iran fired missiles against Israel in retaliation for its attacks in Lebanon.

US stocks ended lower on Tuesday, with the Nasdaq losing more than 1 percent as investors grew more cautious after Iran fired missiles at Israel.

Wall Street opened lower on Thursday after a moderate rise in jobless claims sparked worries about the health of the labor market, while cautious investors kept an eye on the Middle East for any escalation in hostilities.

Wall Street's main indexes were mixed on Thursday after data showed strong service activity in the world's largest economy, while cautious investors watched for any escalation in the Middle East conflict.