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Fed speakers and oil are the big deals Friday

Odds of rate hike low in Sept.: Pro

Fed speakers are in focus Friday while traders watch to see if oil will make another splash before the week is over.

Stock futures extended losses in premarket trading after Boston Fed President and CEO Eric Rosengren made a strong case for raising rates sooner rather than later.

Later, Fed Gov. Daniel Tarullo will be on CNBC at 10 a.m. EDT, and Dallas Fed President Rob Kaplan speaks at 9:30 a.m. at the Mission Capital conference in Austin. Kaplan also speaks in the evening at the Dallas Security Traders Association convention.

Markets have all but ruled out a rate hike for September after Friday's disappointing August jobs report and weak ISM data on manufacturing and services. But Fed speakers are now being watched to see if any push the idea that the Fed could hike soon, an idea raised both by Fed Chair Janet Yellen and Fed Vice Chairman Stanley Fischer before the weak batch of data.