Free Trial

What to Watch: US NFP, 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 steady at 504 after stabilising in October following a 20% decline this year. The gas rig count was last week also stable at 117.
  • 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 for both Brent and WTI edged lower last week while ICE Gasoil net longs ticked higher to end the declining trend since mid August and Nymex gasoline net longs were still near to a three year low.
  • US nonfarm payrolls are due for release at 08:30 ET as the markets look for signs of future US Fed policy.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.