US STOCKS-Futures higher a day after S&P touches two-month low
* Futures higher: Dow 41 pts, S&P 4.25 pts, Nasdaq 12.75 pts
By Yashaswini Swamynathan
May 20 (Reuters) - U.S. stock index futures were higher on Friday, a day after the S&P 500 fell to its lowest since March as investors fretted about a rate hike as early as June.
* Oil was marginally up on Friday and hovered near a six-month high, helped by supply disruptions in Canada and Nigeria.
* The Fed has pointed to a strengthening labor market and rising inflation that would encourage the central bank to further tighten monetary policy.
* New York Fed President William Dudley said on Thursday the U.S. economy was strong enough to warrant a rate hike in June or July.
* The S&P 500 has had a rough ride in the last few weeks, following underwhelming corporate earnings, mixed economic data and uncertainty regarding the trajectory of rate hikes.
* Up to Thursday's close, the benchmark index is 4.4 percent short of its May 2015 record high.
* Existing home sales in the United States are expected to have risen 1.3 percent in April. The data is due at 10:00 a.m. ET (1400 GMT). Continuación...