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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
Dec 08, 2017
Actual
751
Previous
749
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
Dec 15, 2017 13:00     751
Dec 08, 2017 13:00 751   749
Dec 01, 2017 13:00 749   747
Nov 22, 2017 13:00 747   738
Nov 17, 2017 13:00 738   738
Nov 10, 2017 13:00 738   729

News

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Analysis

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U.S. Baker Hughes Oil Rig Count Discussion

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All Comments (24)
Nov 21, 2017 11:52PM GMT
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This is a fake data.
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Nov 06, 2017 7:23AM GMT
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I can not believe this announcement. r.Oil prices have risen, but Oil Rig Count has dropped significantly. r.It seems to be a manipulated figure. r.Audit progress is required.
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Darryl Parvin
Darryl Parvin Sep 07, 2017 1:26PM GMT
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The number is bogus. No count was done due to hurricane. That's why it's the same as last week..Even without hurricane, number was probably going to fall slightly so next report will sow 2x decrease. Bet accordingly, gentlemen.
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Chuck Isbell
Chuck Isbell Sep 01, 2017 5:06PM GMT
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not meaningful....no one is at work
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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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