US Baker Hughes Oil Rig Count (Jan/09) 409 (Prev. 412)
The latest Baker Hughes Oil Rig Count showed a decline to 409 from the previous 412, indicating a potential slowdown in drilling activity.
Stellantis (STLAM IM) is reportedly scrapping its plug-in hybrid electric Jeep SUV and Chrysler Minivan due to slowing EV sales, according to CNBC
US Baker Hughes (9th Jan): Oil -3 at 409, Natgas -1 at 124, Total -2 at at 544
US Baker Hughes Oil Rig Count (Jan/09) 409 (Prev. 412)
Eurogroup receives six candidates to replace ECB VP de Guindos after May 2026; Centeno (Portugal), Kazaks (Latvia), Muller (Estonia), Rehn (Finland), Sadzius (Lithuania), Vujcic (Croatia)
Venezuelan government says it has begun exploratory diplomatic phase with the US, with view to reestablishing diplomatic presence
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This drop can suggest tighter supply dynamics ahead, which might support WTI prices, especially if it reflects a broader trend in the energy sector. Traders should monitor whether this represents a temporary fluctuation or a more significant shift in production sentiment.
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