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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 at 609 this week after falling to the lowest since September at 599 a couple of weeks ago. The gas rig count was last week at 151 after reaching the lowest since May at 150 the previous week.
  • The market positioning Commitments of Traders data is expected today after delays in recent weeks due to an issue with a third-party service provider. The CFTC intends to resume publishing the CoT data starting with the report originally scheduled to be published on 3 Feb. Thereafter, they intent to sequentially issue the missed CoT reports in an expedited manner by mid-March.

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