Day: October 27, 2018

Market Analysis: ​Are WTI Bears Secretly Hoping for a Higher Baker Hughes Rig Count Today?


Every Friday the North American rig count is released at noon central time (6pm BST). On the Baker Hughes website it says “The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons”. Traders can use the rig counts as a proxy for oil production […]

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