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What to Watch

ENERGY
  • The latest Baker Hughes rig count data is due for release at 13:00ET. The oil rig count data continues to trend lower down to 530 last week with the gas rig count down at 131.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30EST. Crude managed money net long positions last week increased to the highest since early May while ICE Gasoil net positions extended the recent gains up to the highest since March.
  • Also expected from today is the release of the latest North Sea crude loading programs for September.

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