Crude oil is trading at $35.34

The weekly Baker Hughes rig count will be released at the top of the hour. The expectations are for steady numbers:

  • oil rigs are expected at 211 verse 211 last week
  • gas rigs are expected at 73 vs. 73 last week

WTI crude oil futures for December delivery are trading down $0.83 or -2.29% at $35.34