Stock futures moved mostly higher on Friday as crude oil attempted another rebound to close out the week. 

S&P 500 futures were down 0.05%, Dow Jones Industrial Average futures rose 0.04%, and Nasdaq futures climbed 0.05%. 

Crude oil prices have had a rough week, tumbling to their lowest level of the year on worries over domestic and global stockpiles. Prices were under pressure earlier in the week after the Organization of Petroleum Exporting Countries raised its forecasts for non-member output this year and the International Energy Agency said global oil supplies increased last month.

However, weekly data on domestic supplies showed a surprise decrease, setting off a rally mid-week. Weekly data on drilling activity in the U.S. will be released at 1 p.m. EDT on Friday. 

West Texas Intermediate crude rose 0.3% to $48.89 a barrel on Friday.

Finance leaders from the G-20 are scheduled to meet Friday and Saturday in Germany, the first G-20 meeting since Donald Trump was elected president. Treasury Secretary Steven Mnuchin will be in attendance. Investors have sought clarity on what a Trump administration could mean for trade and currency policies, particularly given Trump blasted both on the campaign trail. 

Adobe(ADBE) - Get Report rose 5% in premarket trading after besting quarterly profit and sales estimates over its recent quarter. The software developer earned an adjusted 94 cents a share in profit, 7 cents above estimates. Sales of $1.68 billion came in higher than a target of $1.65 billion. Creative revenue, which accounts for its media software, increased 29% to $942 million, totalling 56% of total revenue. 

TheStreet's Jim Cramer, which owns Adobe in the Action Alerts PLUS portfolio, said the company, with its "marketing and monitoring and managing cloud products, has become the pure play on adoption of the cloud. So many think Adobe's Acrobat, but Adobe manages trillions of bits of data and really can be considered the way marketers try to reach people on the web and how artists express themselves across all platforms."

Tiffany & Co.(TIF) - Get Report increased 2% in premarket trading after topping fourth-quarter estimates and providing better-than-expected guidance. The jewelry retail chain earned an adjusted $1.45 a share, higher than estimates of $1.39. Sales increased 1% to $1.23 billion, exceeding consensus of $1.22 billion. Same-store sales came in flat, though much better than an anticipated drop of 1.4%. Tiffany anticipates full-year adjusted earnings to improve in the mid-single-digit percentages. 

Valeant Pharmaceuticals (VRX) gained 4% after ValueAct Capital increased its stake in the company to 5.2% from 4.4%. The increase comes days after activist investor Bill Ackman and his company Pershing Square closed out their stake. 

Trading could be more volatile on Friday during the quadruple-witching session, one of four days of the year in which futures and options contracts expire at once. 

Industrial production data for February will be released at 9:15 a.m. EDT, and consumer sentiment for March will be issued at 10 a.m.

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