Oil rises on Gulf tensions; stocks, dollar await US jobs data

Global stocks headed for their strongest weekly gain since May on Friday, with investors awaiting US jobs data, while Middle East tensions lifted oil prices. MSCI's All-World index was up 2.3% for the week, and Europe's STOXX 600 rose 0.2% on the day. Forecasts expect 80,000 US jobs added in July; traders are split on whether the Federal Reserve will raise rates, so the data may tip the balance. Brent crude climbed 1% to $83 a barrel after Houthi attacks on Saudi Arabia, though it remained set for a 7% weekly loss. The dollar was steady; gold rose over 6% this week.