21 March | 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
Brent sell
Period: 11.07.2025 Expectation: 400 pips
Brent falls ahead of OPEC+ decisions
04 July 2025 37
Period: 18.07.2025 Expectation: 900 pips
AUDCAD is likely to keep pulling back from its monthly high
04 July 2025 34
Period: 10.07.2025 Expectation: 1200 pips
Selling USDJPY during rebound with 142.430 target
03 July 2025 57
Period: 11.07.2025 Expectation: 220 pips
Heatwaves across Europe and US support gas price recovery from recent lows
03 July 2025 160
Period: 08.07.2025 Expectation: 1500 pips
EURUSD rally faces potential correction toward 1.165
02 July 2025 83
Period: 09.07.2025 Expectation: 1400 pips
USDCAD declines amid US dollar weakness and improving Canadian trade prospects
02 July 2025 57
Go to forecasts