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Crude oil futures lower in European trading hours

Published 05/25/2012, 08:25 AM
Investing.com - Crude oil futures were lower in European trading hours on Friday.

On the New York Mercantile Exchange, Crude oil futures for July delivery traded at USD90.94 a barrel at time of writing falling 0.30%.

It earlier traded at a session low USD90.21 a barrel. Crude oil was likely to find support at USD89.31 and resistance at USD93.34.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.10% to trade at USD82.35.

Elsewhere on the ICE, Brent oil for July delivery rose 0.45% to trade at USD107.03 a barrel, with the spread between the Brent oil and Crude oil contracts standing at USD16.09 a barrel.

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