Stock futures were higher Friday as oil prices declined and traders digested August’s consumer price index report. Futures linked to the Dow Jones Industrial Average were up 470 points, or 0.9%. S&P 500 futures climbed 0.9%, while Nasdaq-100 futures advanced 1%. A gain for the major averages would snap a four-day losing streak. The gains came as crude prices eased, giving back some of the sharp gains seen this week due to escalating tensions in the Middle East. West Texas Intermediate futures dropped 3% to $99.28 per barrel. Brent futures slid 3.1% as well to $104.32 per barrel. Both contracts remained on pace for weekly advances of around 8%, putting pressure on U.S. equities. Week to date, the Dow is on pace for a 2.5% decline, while the S&P 500 is heading for a 1.6% loss. The Nasdaq is also on track for a 1.6% slide. However, yields held steady after a mixed consumer price index report. CPI rose 0.4% in August month over month and 3.4% year over year, matching Dow Jones estimates. However, excluding energy and food, CPI climbed 0.3%, slightly more than expected. “This means the Fed should go with hiking rates next week, and the yield curve, swaps, and Fed fund futures are all confirming the same. The surprise function would now be if the Fed remained on hold,” said Darrell Cronk, CIO for wealth and investment management at Wells Fargo. U.S. Treasury yields were higher Friday, at or near multiyear highs, as bond markets assessed the latest consumer price report for August. Odds that the Federal Reserve will raise interest rates by a quarter percentage point at its policy meeting next week shot up to 90% from about 72% on Thursday, based on trading in 30-day fed funds futures at the Chicago Mercantile Exchange. The 2-year Treasury note yield, the most sensitive to short-term Federal Reserve interest rate policy, jumped more than 9 basis points to 4.647%. The 10-year U.S. Treasury note yield—the benchmark for mortgages, auto loans, and credit card debt—was ahead almost 3 basis points, to 4.97%. The longer-dated 30-year Treasury bond yield, more sensitive to geopolitical risks, was little changed at about 5.359%. Asia-Pacific markets ended lower Friday, as higher bond yields and elevated oil prices dented investor sentiment. South Korea’s benchmark Kospi index shed 1.76% to 6,909.91, while the small-cap Kosdaq dropped 1.95% to 820.64. Japan’s Nikkei 225 lost 1.93% to end the trading day at 64,011.34, while the Topix declined 0.65% to 4,028.3. Australia’s S&P/ASX 200 fell 0.89% to end at 8,741.2. Mainland China’s CSI 300 declined 0.84% to 4,510.16, while Hong Kong’s Hang Seng was down 0.65% as of its last hour of trading. Spot gold rose on Friday as oil prices slipped, and investors awaited ​a key U.S. inflation report ​for further clues ​on the Federal Reserve’s monetary policy trajectory. Spot gold rose 0.7% to $4,346.44 per ounce by 0859 GMT but was headed for a weekly loss. Prices fell nearly ⁠2% ‌on Thursday after the producer price index data showed ⁠prices increased in line with expectations in August amid a rebound in the cost of energy products. U.S. gold futures dropped 0.4% to $4,388.40.