Wall Street moved toward an eighth consecutive weekly gain, while European markets posted their strongest performance since early April.
Technology shares fueled momentum, with investors continuing to back companies linked to artificial intelligence and digital infrastructure.
The S&P 500 approached fresh record territory after strong corporate earnings reinforced confidence across equity markets.
European and Asian indexes also gained ground, although they trailed the powerful rally in U.S. equities.
Analysts expect markets to remain resilient if oil prices avoid triggering broader inflation and economic pressure.
Brent crude climbed above $105 per barrel Friday, yet prices remained far below April’s recent peak.
The dollar hovered near multi-week highs as traders adjusted expectations for future Federal Reserve interest rate decisions.
Market strategists warned that prolonged energy volatility could reignite inflation concerns and pressure central banks worldwide.
