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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
May 19, 2017
Actual
720
Previous
712
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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Currency: USD
Source: Baker Hughes
U.S. Baker Hughes Oil Rig Count
 
Release Date Time Actual Forecast Previous
May 26, 2017 13:00     720
May 19, 2017 13:00 720   712
May 12, 2017 13:00 712   703
May 05, 2017 13:00 703   697
Apr 28, 2017 13:00 697   688
Apr 21, 2017 13:00 688   683

News

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Oil buoyed by output cut deal extension hopes   By Investing.com - May 22, 2017

Investing.com - Oil was higher Monday underpinned by growing hopes for an extension of an output cut deal by major producers.U.S. crude was up 48 cents, or 0.95%, at $51.15 at 08:00 ET. Brent gained ...

Analysis

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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