17 October | Oil

United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator remained at the same level of 418

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.

No change of the indicator value may reduce the volatility of the related markets.

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