Data on the US Baker Hughes Oil Rig Count is due in the US at 19:00 (GMT+2). This weekly report represents a change in oil output in the US. An increase in the figure shows growth in oil production and pressures oil prices. In the last week, the number of oilrigs shrank from 825 to 805. The tendency continuation will support oil prices.
Read more here:
Latest posts by liteforex.com (see all)
- BoC Gov Poloz Speaks. Canada, 17:15 (GMT+2) - May 17, 2019
- Philadelphia Fed Manufacturing Index. United States, 14:30 (GMT+2) - May 16, 2019
- Building Permits. United States, 14:30 (GMT+2) - May 16, 2019