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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 last week rose to the highest since September at 510 while the gas rig count edged back up to 116.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30GMT and 15:30ET. Managed money net long crude positions decreased slightly last week with a small drop in both Brent and WTI positions, but ICE Gasoil net long positions edged higher.

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