MNI BRIEF: ECB Looks At Impact Of China Trade Freeze

MNI BRIEF: EC Says EV Talks With China At Important Moment

MNI China Daily Summary: Wednesday, October 9

MNI BRIEF: Mexico Inflation Falls To 4.58% In September

MNI BRIEF: MNI BRIEF: Brazil's September Inflation Up To 4.42%

EZ/UK Bond Supply Calendar: BTP Auction on Friday

US EIA: CRUDE OIL STOCKS EX SPR +5.81M TO 422.7M OCT 04 WK

MNI:US AUG WHOLESALE INV 0.1%; SALES -0.1%

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ENERGY: What to Watch: US Payrolls, Rig Counts & COT

ENERGY
Energy BulletsBulletPower BulletsCommodities
  • US nonfarm payrolls are due for release at 08:30 ET. Nonfarm payrolls growth is expected to have firmed marginally to 150k in September although some analysts also look for upward revisions to August. The market still prices 35bp of cuts for the Nov 6-7 FOMC.
  • The latest Baker Hughes rig count data is due for release at 13:00ET.  The US oil rig count last week fell back to 484 but the gas rig count recovered to 99.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30ET. Money managers raised net long crude positions again last week to rebound further from the record low in mid September. Brent positioning switch back to a net long. Funds reduced the ICE Gasoil and Nymex diesel net short positioning slightly after both showed the most bearish on record the previous week.

 

146 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • US nonfarm payrolls are due for release at 08:30 ET. Nonfarm payrolls growth is expected to have firmed marginally to 150k in September although some analysts also look for upward revisions to August. The market still prices 35bp of cuts for the Nov 6-7 FOMC.
  • The latest Baker Hughes rig count data is due for release at 13:00ET.  The US oil rig count last week fell back to 484 but the gas rig count recovered to 99.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30ET. Money managers raised net long crude positions again last week to rebound further from the record low in mid September. Brent positioning switch back to a net long. Funds reduced the ICE Gasoil and Nymex diesel net short positioning slightly after both showed the most bearish on record the previous week.