November 04, 2022 08:27 GMT
- 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.