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What to Watch: US Payrolls, Rig Counts & COT

ENERGY
  • US nonfarm payrolls are due for release at 08:30 ET. Bloomberg consensus sees nonfarm payrolls growth of 200k in February but two-month revisions will likely be watched particularly closely.
  • The latest Baker Hughes rig count data is due for release at 13:00ET. The US oil rig count edged higher last week to 506 while the gas rig count was steady at 119.
  • 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 increased last week to the highest since October but ICE Gasoil net long positions eased back from the highs in mid February.

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