May 17, 2024 07:36 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 fell to the lowest since November at 496 while the gas rig count was last week up from the recent lows to 103.
- The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30ET. Managed money net long crude positions last week fell to the lowest since Feb. 9, ICE Gasoil net longs were the lowest since January and the Nymex gasoline net long was the smallest since November.
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