Baker Hughes oil rig count at the top of the hour

Rigs are up 8 consecutive weeks

The Baker Hughes rig counts will be released at the top of the hour. Oil rigs have been up for 8 consecutive weeks. The current week for oil rigs is expected to come in at 289 vs. 287. Gas rigs came in at 85 last week. Total rigs were at 373.

The price of WTI crude oil futures are currently trading down $0.75 or -1.41% at $52.38