Baker Hughes Rig Count: Oil -1 at 408, Nat gas +1 at 130, Total +3 at 547
The Baker Hughes rig count shows a slight decrease in oil rigs, which could suggest a moderation in U.S.
Iran's Rahimi to Al-Mayadeen, says the negotiations were not conducted by telephone as Trump claims, but rather through the Pakistani mediator and sometimes through an exchange of messages with Iran's FM Araqchi
NY Fed RRP op demand at 0.607bln (prev. 8.261bln) across 5 counterparties (prev. 12)
Baker Hughes Rig Count: Oil -1 at 408, Nat gas +1 at 130, Total +3 at 547
US Baker Hughes Total Rigs Count (May/01) 547
Andy Burnham has plan to return to Westminster 'within weeks', according to Guardian citing allies
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oil production activity. The increase in natural gas rigs may indicate confidence in that market despite current price pressures. Overall, while the modest net increase in total rigs reflects some stability, it’s essential to watch for the impact on supply dynamics and oil prices moving forward.
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