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U.S. Baker Hughes Oil Rig Count

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U.S. Baker Hughes Oil Rig Count

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Status

 
Latest Release
Aug 18, 2017
Actual
763
Previous
768
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
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Country:
Currency: USD
Source: Baker Hughes
U.S. Baker Hughes Oil Rig Count
 
Release Date Time Actual Forecast Previous
Aug 25, 2017 13:00     763
Aug 18, 2017 13:00 763   768
Aug 11, 2017 13:00 768   765
Aug 04, 2017 13:00 765   766
Jul 28, 2017 13:00 766   764
Jul 21, 2017 13:00 764   765

News

Crude oil futures - weekly outlook: August 21 - 25
Crude oil futures - weekly outlook: August 21 - 25 By Investing.com - Aug 20, 2017 1

Investing.com - Oil prices settled sharply higher on Friday, jumping about 3% in a surprise rally amid reports of a unit shutdown at one of the largest oil refineries in the U.S., as well as data ...

Analysis

Phil Flynn
The Energy Report: Oil's Total Eclipse By Phil Flynn - Aug 21, 2017 1

Total Eclipse The oil trade has been totally eclipsed by the focus on the so called glut of crude even as the oil market, due to massive supply withdrawals, is the tightest it’s been in years ...

U.S. Baker Hughes Oil Rig Count Discussion

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All Comments (20)
Sep 30, 2016 4:00PM GMT
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high likely to go down reaching point 1.12000 no less
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Julián Diaz
Julián Diaz Jul 22, 2016 5:17PM GMT
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Baker hughes oil rigs rise 14 to 371 vs last week
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Rou Ssel
Rou Ssel Jul 22, 2016 5:23PM GMT
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where says?.
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MOHIT VAJPAYEE
MOHIT VAJPAYEE Jun 10, 2016 8:05PM GMT
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Natural Gas - numbers surprised yesterday. I will short it after next supply numbers..neutral right now but Oil definitely SHORT
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MOHIT VAJPAYEE
MOHIT VAJPAYEE Jun 10, 2016 8:03PM GMT
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Crude losing steam completely. I being short at crude thought 49.3 would be support today..it was not. I thought rig count may surprise. At last, I was waiting for manipulators to come and push it to 49.5....With German 10y yields touching 0.01 level, this is a clear indicator of bear market. Now, after this massive sell-off, debt ridden Chinese firms will shock the world. There is no way Oil is going to stay at this level. Copper is at multi-year lows clearly indicating low demand from China, other commodities like Zinc, Aluminium including Oil will have some decent corrections next week. If not, short bonds, Gold and long equities..
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Teodor Kazandzhiev
Teodor Kazandzhiev May 20, 2016 6:54PM GMT
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WOW! For the first time since the Landslide, the rig count is not negative!.If next week is positive that would be a HUGE bullish sign.
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mk ratnani
mk ratnani Jun 10, 2016 5:11PM GMT
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now crude buy or short.
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Robert Škadra
RoboZM1 May 13, 2016 4:27PM GMT
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half an hour / down
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WMS STARGAMES
WMS STARGAMES May 13, 2016 2:50PM GMT
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Any guess about U.S. Baker Hughes Rig Counts?
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Teodor Kazandzhiev
Teodor Kazandzhiev Apr 29, 2016 5:10PM GMT
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-11 rigs for april 29
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tim apple
Tim1972 Apr 01, 2016 5:33PM GMT
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New here..Just want to thank the individual of the short late yesterday evening EUD/USD.Thank you.
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Concerned Citizen
Concerned Citizen Mar 24, 2016 7:28PM GMT
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decrease demand for oil is very bearish
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