Oil rigs are expected to rise to 343 from 337 last week
The weekly Baker Hughes rig count will be released at the top of the hour. The estimate for oil rigs is expected at 343 versus 337 last week.
The price of WTI crude oil futures are currently down $0.22 or -0.35% at $63.27.
The price of WTI crude oil is trading between its 61.8% retracement at $63.87 and the 50% retracement at $62.61.
