US Baker Hughes Total Rigs Count (Jan/30) 546 (Prev. 544)
The increase in the US Baker Hughes total rigs count to 546 from 544 signals a modest expansion in oil drilling activity.
Russia's Special Envoy Dmitriev will be in Miami on Saturday for meetings with members of Trump administration
Baker Hughes Rig Count: Oil unch. at 411, Nat Gas +3 at 122, Total +2 at 556
US Baker Hughes Total Rigs Count (Jan/30) 546 (Prev. 544)
[MARKET UPDATE] Precious metals sell off continues, with spot gold lower by c. 10.5% and spot silver c. 26.5%, while Dollar continues to edges higher
US NY Fed GDP Nowcast Q4: 2.74% (prev 2.74%),Q1: 2.73% (prev 2.73%)
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While this is a slight uptick, it should be viewed in light of recent trends in energy prices and overall supply dynamics, which could influence future production levels and, consequently, market sentiment.
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