Crude oil futures lower in Asian trading hours

Crude oil futures were lower in Asian trading hours on Friday. On the New York Mercantile Exchange, Crude oil futures for October delivery traded at USD94.86 a barrel at time of writing falling 0.70%. It earlier traded at a session low USD94.55 a barrel. Crude oil was likely to find support at USD94.28 and resistance at USD97.71. US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.01% to trade at USD81.12. Elsewhere on the ICE, Brent oil for October delivery rose 0.10% to trade at USD112.95 a barrel, with the spread between the Brent oil and Crude oil contracts standing at USD18.09 a barrel.

Courtesy: ForexPros