India, Sept. 25 -- The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside after recovering from early weakness to end the previous session roughly flat.
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.
New reports indicate that Iran has submitted a proposal to the U.S. to end the...