TGIF! Friday started with a bang after a turbulent week.

Asia shares skyrocketed with Europe following higher in early trading. Energy shares have jumped after oil had its best day in months, and U.S. stock futures are indicating a higher open.

European Central Bank chief Mario Draghi's pledge to continue do what it takes to help Europe's economies on Thursday seems to have done the trick, for now.

Here are the five things you need to know before the opening bell rings in New York:

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1. Oil: U.S. crude oil also continued its rebound, climbing to over $31 a barrel the day after it posted its biggest one-day percentage gain since late October.

2. International markets overview: European markets are up by more than 2% in early trading, led by shares in London and Paris. Asian markets were buoyed by the Nikkei which jumped 5.8%. The Hang Seng closed up 2.9% while shares in Shanghai closed 1.2% higher.