Baker Hughes Rig Count: Oil +1 at 410, Nat Gas -2 at 122, Total -1 at 543
The slight increase in the oil rig count implies stable production levels, while the decline in natural gas rigs suggests a potential tightening supply, especially as demand fluctuations continue.
Ukraine and US to hold talks in Miami on Saturday, AFP reports
US President Trump on Carney in China, says its ok for him to get a deal with China and if he can get a deal with China, he should do that
Baker Hughes Rig Count: Oil +1 at 410, Nat Gas -2 at 122, Total -1 at 543
US Baker Hughes Total Rigs Count (Jan/16) 543 (Prev. 544, Rev. 542)
US Baker Hughes Oil Rig Count (Jan/16) 410 vs. Exp. 407 (Prev. 409)
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Overall, this mixed signal may lead to short-term volatility in WTI prices, with broader implications for energy market sentiment as traders assess the balance of supply and demand.
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