India, Sept. 11 -- The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground after trending lower over the past several sessions.
Early buying interest is likely to be generated in reaction to a sharp pullback by the price of crude oil, which has skyrocketed over the past few days.
After soaring by more than 12 percent since the start of the week, U.S. crude oil futures are plunging by nearly 3 percent on the day.
Crude oil futures have pulled back below $100 a barrel after the Financial Times reported Iran and Oman will meet with Gulf states next week to discuss reopening shipping through the Strait of Hormuz.
Bargain hunting is also likely to contribute to initial strength on W...