US Futures Tick Lower Friday; Oil Price Eyed
Futures on the S&P 500 edged lower in sparse volume Friday in a light day on the economic calendar but were still on track to close their ninth straight week of gains, the longest such run since January 2004.
Investors will focus on oil prices as U.S. crude hovers near $107 a barrel a day after hitting a 10-month high above $110 on supply concerns in the Middle East.
-Aides to U.S. President Barack Obama and Israeli Prime Minister Benjamin Netanyahu are scrambling to bridge differences over what Washington fears could be an Israeli attack on Iran’s nuclear sites, a concern at the heart of the recent spike in oil prices. Both leaders will meet on Monday.
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