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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
May 18, 2018
Actual
844
Previous
844
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
May 25, 2018 13:00     844
May 18, 2018 13:00 844   844
May 11, 2018 13:00 844   834
May 04, 2018 13:00 834   825
Apr 27, 2018 13:00 825   820
Apr 20, 2018 13:00 820   815

News

Oil Rises as Trade War Put on Hold
Oil Rises as Trade War Put on Hold By Investing.com - May 21, 2018

Investing.com - Oil prices were higher on Monday as the U.S. and China has put their trade war “on hold” to discuss a trade agreement. The trade war between the U.S. and China is...

Crude Oil Prices Settle Lower But Snatch Third Weekly Gain
Crude Oil Prices Settle Lower But Snatch Third Weekly Gain By Investing.com - May 18, 2018

Investing.com – WTI crude oil prices settled lower on Friday, but notched their third straight week of gains as falling production in Venezuela and pending U.S. sanctions on Iran helped offset...

Analysis

Phil Flynn
China, Venezuela And Oil By Phil Flynn - 22 hours ago

Truce A trade truce with China and a sham election in Venezuela is a strong indication that we will continue a path of strong demand and tighter supply in the global oil market. I am not trying to be...

IFC Markets
S&P 500 Logs Weekly Loss By IFC Markets - May 21, 2018

Dow edges higher while S&P 500, Nasdaq slip US stocks extended losses Friday led by financial shares. S&P 500 fell 0.3% to 2712.97, slipping 0.5% for the week. Dow Jones Industrial Average...

U.S. Baker Hughes Oil Rig Count Discussion

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All Comments (28)
Salman Khan
Salman Khan Apr 06, 2018 1:02PM ET
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cmon ***
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Max Tor
Max Tor Jan 05, 2018 2:12PM ET
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how does this affect the dollar
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Nov 21, 2017 6:52PM ET
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This is a fake data.
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Nov 06, 2017 2:23AM ET
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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 Nov 06, 2017 2:23AM ET
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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 9:26AM ET
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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 1:06PM ET
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not meaningful....no one is at work
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Sep 30, 2016 12:00PM ET
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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 1:17PM ET
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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 1:17PM ET
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where says?.
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MOHIT VAJPAYEE
MOHIT VAJPAYEE Jun 10, 2016 4:05PM ET
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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 4:03PM ET
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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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Rosemarie Radforth
Rosemarie Radforth Jun 10, 2016 4:03PM ET
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if the Americans impose sanctions on Iran, than the oil price will go up, so I have read.
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