October 11, 2024 07:23 GMT
ENERGY: What to Watch: Rig Counts & COT
ENERGY
- The latest Baker Hughes rig count data is due for release at 13:00ET. The US oil rig count last week fell again to 479 but the gas rig count recovered to 102.
- The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30ET. Money managers cut net long crude positions slightly last week with a rise in bullish Brent positions offset by a fall in WTI net longs. Funds reduced the bearish ICE Gasoil and Nymex diesel positioning slightly after both had showed the largest net short on record in mid September.
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