US Stocks-Wall St set to open higher after August inflation report, oil price slide

Brent crude futures LCOc1 slipped more than 3% but were still above $104 a barrel. West Texas Intermediate crude futures CLc1 slipped but were close to the $100-a-barrel mark.

"The surge in energy prices since the turn of the month creates new upside risk for inflation," said Bill Adams, chief U.S. economist at Fifth Third Commercial Bank.

The U.S. national average price of diesel on Thursday surpassed $6 a gallon for the first time ever, according to price tracker GasBuddy.

Meanwhile, Oracle ORCL.N jumped nearly 7% premarket after topping estimates for quarterly results late Thursday, which reassured shareholders that its AI investments were generating returns.

Adobe ADBE.O slipped more than 3% premarket after the midpoint of its fourth-quarter revenue forecast fell short of expectations.