Crude oil futures are trading at $41.66
Crude oil futures are moving a sharply lower today with the October contract trading at $41.66, down $-1.16 or -2.71%. The move lower has taken the price back below the 50% retracement of the 2020 trading range for that contract. That level comes in at $42.
The expectations for oil rigs is 170 vs. 172 last week. The total rig estimate is for 239 vs. 244 last week.
