Investing.com - Crude oil futures were higher in U.S. trading hours on Friday.
On the New York Mercantile Exchange, Crude oil futures for February delivery traded at USD58.20 a barrel at time of writing rising 7.07%.
Earlier, it traded at a session high USD58.38 a barrel. Crude oil was likely to find support at USD53.94 and resistance at USD59.27.
US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.44% to trade at USD89.85.
Elsewhere on the ICE, Brent oil for February delivery rose 5.58% to trade at USD62.58 a barrel, with the spread between the Brent oil and Crude oil contracts stood at USD4.38 a barrel.
On the New York Mercantile Exchange, Crude oil futures for February delivery traded at USD58.20 a barrel at time of writing rising 7.07%.
Earlier, it traded at a session high USD58.38 a barrel. Crude oil was likely to find support at USD53.94 and resistance at USD59.27.
US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.44% to trade at USD89.85.
Elsewhere on the ICE, Brent oil for February delivery rose 5.58% to trade at USD62.58 a barrel, with the spread between the Brent oil and Crude oil contracts stood at USD4.38 a barrel.