Brent crude rose 0.9% to $83.27 a barrel while WTI futures gained 0.6% to $77.79, as investors awaited July nonfarm payrolls data for clues on the Federal Reserve's rate path. Chairman Kevin Warsh has pivoted the Fed away from forward guidance, making the jobs report critical for rate-hike expectations.

U.S. futures were mixed in early European trade: S&P 500 futures rose 0.1%, Dow futures slipped 0.1%, and Nasdaq futures advanced 0.3% amid calmer AI-stock trading. Berkshire Hathaway headlines Friday earnings.

Geopolitical focus remained on Strait of Hormuz talks. Mediators reported progress on a proposal dividing traffic into inbound lanes near Iran and outbound lanes near Oman, though ING analysts warned that U.S.-Iran distrust could reverse gains. Treasury yields climbed with oil; the dollar was flat.