Forexpros – Crude oil futures were higher in European trading hours on Friday.

On the New York Mercantile Exchange, Crude oil futures for April delivery traded at USD106.86 a barrel at time of writing rising 0.26%.

It earlier traded at a session high USD107.32 a barrel. Crude oil was likely to find support at USD104.36 and resistance at USD107.39.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.38% to trade at USD79.47.

Elsewhere on the Nymex, Brent oil for April delivery fell 0.29% to trade at USD125.08 a barrel, with the spread between the Brent oil and Crude oil contracts standing at USD18.22 a barrel.Forexpros
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