Crude oil futures are up $0.75 at $74.05
At the top of the hour, the weekly Baker Hughes rig count totals will be released. The oil rig count last week came in at 373. The gas rigs were at 97. Expectations are for an increase in both to 377 and 99 respectively. The price of crude oil is currently trading at $74.05 at up $0.75 or 1.02%. That is near it’s high for the day of $74.18. The high price for the week reached $74.20 Wednesday. Get above that level up the door for further increases (would be another new high going back to October 2018)
Thank stocks are mostly higher on the day with Wells Fargo leading with a 3.01% gain. Bank of America is up 2.08% J.P. Morgan is up 1.1%. Citibank lags with a gain of 0.36%.