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  • The latest Baker Hughes rig count data is due for release at 13:00ET. The data last week showed the oil rig count down to 588 after falling back from a peak of 627 in December. The gas rig count was down at 157 but still above lows of 150 from earlier this year.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30EST. Last week WTI managed money net longs increased to the highest since November but before the decline in futures prices seen this week. ICE Gasoil net longs were the lowest since Dec 2020 last week.

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