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What to Watch: US Payrolls, 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 505 after edging back up slightly since mid Nov. The gas rig count has remained relatively unchanged since September at 116 last week.
  • 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 edged slightly higher last week from the previous week lows.
  • US nonfarm payrolls are due for release at 08:30 ET and expected to rise 183k with the unemployment rate remaining at 3.9% as the markets look for signs of future US Fed policy.


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