India, March 20 -- The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to see further downside after recovering from their worst levels but still ending the previous session modestly lower.
The downward momentum on Wall Street comes amid considerable volatility by the price of crude oil, which has been a key driver of trading in recent sessions.
Brent crude oil futures jumped above $111 a barrel earlier in the day but have pulled back sharply and are currently tumbling by nearly 2 percent.
The volatility in the oil markets comes as traders keep a close eye on developments in the Middle East war and the impact on energy supplies.
Crude oil prices initially surged amid news of new attacks on e...