US Baker Hughes Oil Rig Count (Feb/13) 409 (Prev. 412)
Newsquawk Staff ·
US Baker Hughes Oil Rig Count (Feb/13) 409 (Prev. 412)
What it means
The Baker Hughes oil rig count has dropped slightly from 412 to 409, indicating a continued but subdued pace of drilling activity. 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.
- US EIA Heating Oil Stocks Change (Oct/23) 0.164M (Prev. 0.652M)
- US EIA Crude Oil Imports Change (Oct/23) -0.796M (Prev. 0.837M)
- EIA Cushing Crude Oil Stocks Change (Oct/23) -0.624M (Prev. 0.987M)
- US EIA Refinery Crude Runs Change (Oct/23) -0.123M (Prev. 0.034M)
- US EIA Crude Oil Stocks Change (Oct/23) -1.892M vs. Exp. 0M (Prev. -3.061M); SPR falls 0.1mln to 282.6mln
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