• Both benchmarks were on track to post their biggest weekly gain in more than eight months on Friday.
•World leaders continued to mull over military action on Friday, in response to a suspected chemical attack in Syria over the weekend.
Oil prices could soon skyrocket to more than $100 a barrel amid escalating tensions in the Middle East, one oil analyst told CNBC Friday.

Crude futures surged to highs not seen since December 2014 earlier in the week, underpinned by greater geopolitical uncertainty in Syria and elevated concerns over the prospect of imminent military action by Western powers.