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What to Watch: Rig Counts and COT

ENERGY
  • The latest Baker Hughes rig count data is due for release at 13:00ET. The US oil rig count was last week at 500 after edging back up slightly since mid Nov. The gas rig count has remained relatively unchanged since September at 117 last week.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30GMT and 15:30ET. Crude managed money net long positions last week fell to the lowest since early June while Gasoil rose on the week to halt the declining trend seen since mid August.

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