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ENERGY: What to Watch: Rig Counts & COT

ENERGY
  • The latest Baker Hughes rig count data is due for release at 13:00ET.  The US oil rig count held last week at the highest since early October at 482 while the gas rig count was the highest since May at 103.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30ET. Money managers decreased net long crude positions last week with a drop in WTI more than offsetting slightly higher Brent positions. Net long fund positioning for ICE Gasoil has fallen from the recent high seen in late November while the Nymex diesel net short position increased again, and Nymex gasoline net longs rose.

 

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  • The latest Baker Hughes rig count data is due for release at 13:00ET.  The US oil rig count held last week at the highest since early October at 482 while the gas rig count was the highest since May at 103.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30ET. Money managers decreased net long crude positions last week with a drop in WTI more than offsetting slightly higher Brent positions. Net long fund positioning for ICE Gasoil has fallen from the recent high seen in late November while the Nymex diesel net short position increased again, and Nymex gasoline net longs rose.