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What to Watch

ENERGY
  • The latest Baker Hughes rig count data is due for release at 18:00GMT. The oil rig count is forecast to tick back up to 610 this week after falling to the lowest since September at 599 a couple of weeks ago. Drilling has slowed in response to the fall in prices since the middle of 2022. The gas rig count was last week down at the lowest since May at 150.
  • The market positioning Commitments of Traders data will be delayed again this week due to an ongoing issue with a third-party service provider preventing some clearing members from providing data to the CFTC. CFTC intends to resume publishing the CoT data on 24 Feb starting with the report originally scheduled to be published on 3 Feb.

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