US Stocks Cautious Ahead of Jobs Data; Oil Prices Add to Inflation Worries

• US stock futures edge higher ahead of monthly jobs report, but markets remain volatile due to high oil prices and inflation fears • Oil prices hold near $91 per barrel, hitting 5-month highs, as geopolitical tensions in the Middle East raise supply concerns • Payrolls data expected to show a solid 214,000 jobs added in March and unemployment dipping to 3.8% • Strong jobs numbers could lead to reduced expectations for Fed interest rate cuts this year if inflation remains stubbornly high • Markets looking ahead to next week's inflation data as a key indicator of whether the Fed will need to take action on rates