(RTTNews) - After recovering from early weakness to end the previous session roughly flat, stocks are likely to move to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent. Early buying interest is likely to be generated in reaction to a significant pullback by the price of crude oil, which had surged over the two previous sessions. U.S. crude oil futures are tumbling by more than 2 percent on the day after spiking by 4.5 percent over the past two days. The sharp pullback by crude oil prices comes as traders react to the latest reports about a potential deal to end the prolonged conflict between the U.S. and Iran.
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