US Baker Hughes Oil Rig Count (Feb/20) 409 (Prev. 409)
Newsquawk Staff ·
US Baker Hughes Oil Rig Count (Feb/20) 409 (Prev. 409)
What it means
The Baker Hughes oil rig count holds steady at 409, indicating no change from the previous week. This stability may suggest a cautious stance among producers amid fluctuating oil prices, potentially influencing supply dynamics in the market. Traders should consider how this steadiness fits into the broader energy supply trends and its implications for WTI prices.
- 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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