April 26, 2024 06:56 GMT
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 edged up to the highest since September at 511 while the gas rig count fell again to the lowest since December 2021 at 106.
- 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 last week eased back slightly from the highest since March 2022 the previous week, but Brent remains the most bullish since March 2021.
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