Yesterday at 5:01 PM | Oil

United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 487 to 486

A report on this calendar event is released weekly by the Baker Hughes.

The number of drilling rigs is one of the important indicators in the oil production sector.

Active drilling platforms in the USA reflect the current potential of the hydrocarbon production sector.

The number of active platforms may indicate expected volume of oil supply and future demand for oil products.

Comments by the MarketCheese analysts: a decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.

MarketCheese MarketCheese
Period: 04.04.2025 Expectation: 1000 pips
Uptrend may help AUDCAD to stop declining
Yesterday at 11:20 AM 36
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 28.03.2025 Expectation: 2450 pips
Profit taking and dollar strength to accelerate GBPUSD decline
Yesterday at 10:09 AM 54
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segment "Crypto"
2nd in the segments "Currencies" and "Oil and gas"
Period: 28.03.2025 Expectation: 127 pips
Buying Brent with target of 73.5 amid lower market supply
Yesterday at 09:18 AM 22
Period: 26.03.2025 Expectation: 300 pips
Record US gas exports push domestic prices higher
20 March 2025 52
Period: 27.03.2025 Expectation: 43500 pips
News background and technical analysis data support buying ETHUSD up to 2,450
20 March 2025 50
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Metals" and "Oil and gas"
Period: 27.03.2025 Expectation: 2283 pips
Selling USDJPY due to new US economic forecasts
20 March 2025 64
Go to forecasts