Baker Hughes rig count due at the top of the hour

Crude oil futures are down on the day

The weekly Baker Hughes rig count will be released at the top of the hour. Last week:

• Oil rigs came in at 183
• Gas rigs came in at 75
• Total rigs came in at 261

The expectations for this week are for:

• Oil rigs to fall 2258
• Gas rigs to fall to 74

Crude oil futures are trading down $1.31 or -3.3% at $37.40. That is off the low price of $36.63. The high price reached $38.65