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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 499 after holding between 494 and 505 since September. The gas rig count last week dipped slightly to 117 amid a 114 to 120 range since Sep.
  • 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 increased last week with Brent the most bullish since September amid rising Middle East tensions.

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