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Wall Street looks to central bank speakers

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange.

U.S. stock index futures indicated a higher open on Friday as traders looked to speeches from central bankers as well as oil prices.

Ahead of the open, President of the European Central Bank (ECB) Mario Draghi said that the ECB stands ready to act promptly and decisively if it decides that its current policy is failing to stimulate the sluggish euro zone economy.

During trading hours, St. Louis Fed President James Bullard and New York Fed President William Dudley will speak on the economy. Fed speakers are likely to continue to drive their message that they would like to hike rates, if the economy continues to improve.

The price of oil could again be a magnet for stocks, as the December futures contract rolls off the board, and January becomes the front-month contract at the Nymex at the end of the session.

The January contract settled down at $41.72 per barrel Thursday, while the December contract fell 21 cents at $40.54 per barrel.

On the data front, the Kansas City Fed manufacturing survey is set to be released Friday.

On the earnings front, Foot Locker and Abercrombie & Fitch reported before the bell

In oil markets, Brent crude traded at around $44.22 a barrel, up 0.09 percent, while U.S. crude was at around $40.19 a barrel, 0.86 percent lower.

In Europe, the pan-European Stoxx 600 index was around 0.2 percent higher on Friday. In Asia, Japan'sNikkei finished 0.1 percent higher, while in China the Shanghai composite closed 0.38 percent higher.

— CNBC's Patti Domm and Matt Clinch contributed to this report