US Baker Hughes Oil Rig Count (Feb/13) 409 (Prev. 412)
The Baker Hughes oil rig count has dropped slightly from 412 to 409, indicating a continued but subdued pace of drilling activity.
US President Trump has not yet made a decision on whether to strike Iran, according to NYT citing senior administration officials
Baker Hughes Rig count W/W: Total unch at 551, Oil -3 at 409, Nat gas +3 at 188
US Baker Hughes Oil Rig Count (Feb/13) 409 (Prev. 412)
US Secretary of State Rubio cancels trip to meet with European leaders in Munich, FT reports
Democratic Senators urge US President Trump to drop planned social media vetting policy for US visitors without visas
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This small decrease may signal tighter supply conditions ahead, especially if the trend continues, which could support oil prices, particularly WTI. Keep an eye on further developments as they may impact the broader energy market sentiment.
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