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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
Mar 24, 2017
Actual
652
Previous
631
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:
Country:
Currency: USD
Source: Baker Hughes
U.S. Baker Hughes Oil Rig Count
 
Release Date Time Actual Forecast Previous
Mar 31, 2017 14:00     652
Mar 24, 2017 13:00 652   631
Mar 17, 2017 14:00 631   617
Mar 10, 2017 14:00 617   609
Mar 03, 2017 14:00 609   602
Feb 24, 2017 14:00 602   597

News

text
Oil falls back toward November lows amid glut concerns By Investing.com - Mar 27, 2017

Investing.com - Oil prices were under pressure during North American morning hours on Monday, falling back toward the lowest level since the end of November as uncertainty over whether an OPEC-led ...

Analysis

IFC Markets
Crude Oil Shrugs Off Rig Count By IFC Markets - 19 hours ago

Rig Count Increase Does Not Markedly Affect Oil Prices The active rig count is constantly advancing in the US while oil prices remain at the same relatively high level with barely rising production ...

Kathy Lien
USD/JPY At 110: Here's Why It Could Hold By Kathy Lien - Mar 27, 2017 2

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The U.S. dollar fell to a 4-month low against the Japanese yen Monday, extending a decline that has taken the greenback lower ...

Phil Flynn
What's On Oil's Horizon? By Phil Flynn - Mar 27, 2017 1

A new dawn is breaking in the old OPEC cartel and it is a reminder that this is not the same cartel of just a few years ago. Instead of infighting and name calling, there is cooperation and order and ...

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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