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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 edged back up to 481 but the gas rig count dipped to 101 after a recent recovery.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30ET. Money managers last week increased net long crude positions to the highest since early August and reduced the bearish ICE Gasoil and Nymex diesel positioning.

 

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  • The latest Baker Hughes rig count data is due for release at 13:00ET.  The US oil rig count last week edged back up to 481 but the gas rig count dipped to 101 after a recent recovery.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30ET. Money managers last week increased net long crude positions to the highest since early August and reduced the bearish ICE Gasoil and Nymex diesel positioning.