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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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Latest Release
Feb 17, 2017
Actual
597
Previous
591
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.
Importance:
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Currency: USD
Source: Baker Hughes
U.S. Baker Hughes Oil Rig Count
 
Release Date Time Actual Forecast Previous
Feb 24, 2017 13:00     597
Feb 17, 2017 13:00 597   591
Feb 10, 2017 13:00 591   583
Feb 03, 2017 13:00 583   566
Jan 27, 2017 13:00 566   551
Jan 20, 2017 13:00 551   522

News

video_hosted
Oil higher but gains capped by U.S. supply   By Investing.com - 9 hours ago

Investing.com - Oil was higher Monday but with gains capped by expectations of higher U.S. supply.Brent crude was up 37 cents, or 0.66%, at $56.18 at 08:00 ET. U.S. crude added 25 cents, or 0.46%, to ...

text
European stocks broadly higher, Unilever crashes 6% By Investing.com - 12 hours ago

Investing.com – European stocks traded broadly higher on Monday as investors focused on corporate movements with particular attention on Unilever as Kraft Heinz withdrew a merger offer. In ...

Analysis

FSM News
U.S. Drilling Caps Crude Oil Gains By FSM News - 9 hours ago

Oil Prices Rise On Monday, But Increased U.S. Drilling Rigs And Oil Stockpiles Are Limiting Gains. Even as crude oil prices climbed in Monday’s trading session, gains were capped as investors ...

Marc Chandler
Dollar Extends Streak On Yellen Testimony By Marc Chandler - Feb 15, 2017

The Dollar Index's ten-day rally was at risk yesterday, but Yellen's reiteration of the commitment to continue to lift rates gradually helped extend the streak to eleven sessions. This surpassed the ...

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
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
Rou Ssel
Rou Ssel Jul 22, 2016 5:23PM GMT
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where says?.
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
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..
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.
mk ratnani
mk ratnani Jun 10, 2016 5:11PM GMT
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now crude buy or short.
Robert Škadra
RoboZM1 May 13, 2016 4:27PM GMT
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half an hour / down
WMS STARGAMES
WMS STARGAMES May 13, 2016 2:50PM GMT
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Any guess about U.S. Baker Hughes Rig Counts?
Teodor Kazandzhiev
Teodor Kazandzhiev Apr 29, 2016 5:10PM GMT
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-11 rigs for april 29
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.
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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