European Shares Seen Higher, Supported by Oil Fall

European shares were expected to open higher on Friday, supported by a cooling in oil prices, but with little news scheduled on the corporate and macroeconomic fronts.

Financial spreadbetters expected Britain's FTSE 100 to open up 10 to 16 points, Germany's DAX up 24 to 33 points and France's CAC up 21 to 25 points.

European shares fell 0.5 percent on Thursday, weighed by banks, techs and oil shares.

Oil fell nearly $5 a barrel on a Chinese move to raise fuel prices that threatened a fall in demand at the world's second-largest oil consumer. The price steadied ahead of an emergency meeting on Sunday in Saudi Arabia between oil producers and consumers.