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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
Feb 16, 2018
Actual
798
Previous
791
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
Feb 23, 2018 13:00     798
Feb 16, 2018 13:00 798   791
Feb 09, 2018 13:00 791   765
Feb 02, 2018 13:00 765 758 759
Jan 26, 2018 13:00 759   747
Jan 19, 2018 13:00 747   752

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U.S. Baker Hughes Oil Rig Count Discussion

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All Comments (26)
Max Tor
Max Tor Jan 05, 2018 7:12PM GMT
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how does this affect the dollar
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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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Max Tor
Max Tor Jan 05, 2018 7:14PM GMT
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i would think that is why prices have rose. Invers relationship prices /oil count rigs .... ???
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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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