Stock futures rose on Friday fueled by higher oil prices and a better-than expected quarterly performance by computer maker Dell Inc .

Shares of Dell, the world's No. 2 personal computer maker, rose 3 percent in premarket trading, a day after posting a stronger-than-expected profit and saying it cut costs and protected prices.

Crude oil futures gained 1 percent after data showed the British economy shrank less than expected in the second quarter, following on a smaller-than-forecast drop in U.S. gross domestic product.

S&P 500 futures rose 6.1 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 35 points and Nasdaq 100 futures added 9 points.

Shares of Apple Inc jumped 1 percent before the bell after China Unicom, <0762.HK> China's No. 2 mobile carrier, agreed to sell the iPhone in China, giving Apple access to the world's largest mobile market.

Investors will eye the release of U.S. personal income and spending data for July, expected at 8:30 a.m. EDT. The Reuters/University of Michigan final August consumer sentiment index is due at 9:55 a.m. EDT.

U.S. stocks closed higher on Thursday as investors turned back an early selloff, thanks to a rebound in oil prices.

The Dow Jones industrial average <.DJI> gained 0.4 percent, the Standard & Poor's 500 Index <.SPX> added 0.3 percent, and the Nasdaq Composite Index <.IXIC> rose 0.2 percent.

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)