Free Trial

What to Watch

ENERGY
  • The latest Baker Hughes rig count data is due for release at 17:00GMT. The oil rig count has started to tick higher again after remaining largely unchanged since the start of July. Last week showed the oil count up to 610. The gas rig count has reduced in recent weeks from a peak of 166 in September down to 156 last week.
  • The ICE and Nymex commitment of traders reports will be released after the close today at 18:30GMT and 15:30ET. Crude oil managed money net long positions have increased in recent weeks on global supply concerns from OPEC+ and Russia.
  • Markets will also watch for the updated US payrolls data at 12:30GMT.

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.