Investing.com - " Crude oil futures edged higher during early European trading hours on Friday, but traders remained cautious ahead of U.S. data later in the day amid growing expectations for the Federal Reserve to begin tapering its stimulus program before the year end. On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD94.35 a barrel during European morning trade, up 0.15%. The December contract settled down 0.63% at USD94.20 a barrel on Thursday. Oil futures were likely to find support at USD93.69 a barrel, the low from November 6 and resistance at USD95.31 a barrel, Thursday's high. Investors awaited the release of highly-anticipated U.S. employment data later in the trading session, after a strong report on U.S. economic growth on Thursday fuelled speculation the Fed could begin tapering its asset purchase program sooner-than-expected. The Bureau of Economic Analysis said U.S. gross domestic product grew at a seasonally adjusted annual rate of 2.8% in the three months to September, beating expectations for growth of 2%. The U.S. economy grew by 2.5% in the previous quarter. Meanwhile, oil prices also remained under pressure after data showed that China's crude imports in October fell to the lowest level in more than a year. China is the world's second-biggest oil consumer. Markets were also focusing on ongoing negotiations on Iran's nuclear program, as U.S. Secretary of State John Kerry was set to join talks between major powers and Teheran in Geneva on Friday. Elsewhere, on the ICE Futures Exchange, Brent oil futures for November delivery eased 0.06% to trade at USD103.40 a barrel, with the spread between the Brent and crude contracts standing at USD9.05 a barrel.

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