Recent data from the American Petroleum Institute (API) and Baker Hughes shows fluctuations in the U.S. oil industry. According to API, the weekly crude oil stock recorded an increase of 0.509 million barrels, contrary to the expected decrease of 1.430 million barrels. Additionally, distillate stock also rose by 1.713 million barrels. In contrast, the Baker Hughes oil rig count indicates a decrease, with the total rig count dropping from 605 to 603, and the number of oil rigs decreasing from 499 to 496. The rotary gas rigs count slightly increased from 102 to 103.
🇺🇸 United States U.S. Baker Hughes Oil Rig Count $USD Actual: 496 Previous: 499
🇺🇸 United States U.S. Baker Hughes Total Rig Count $USD Actual: 603 Previous: 605
U.S. BAKER HUGHES TOTAL RIG COUNT ACTUAL: 603 VS 605 PREVIOUS U.S. BAKER HUGHES OIL RIG COUNT ACTUAL: 496 VS 499 PREVIOUS
#OOTT | US Baker Hughes Rig Count 10-May: 603 (prev 605) - Rotary Gas Rigs: 103 (prev 102) - Rotary Oil Rigs: 496 (prev 499)
US BAKER HUGHES OIL RIG COUNT ACTUAL 496 (FORECAST -, PREVIOUS 499) $MACRO
US oil rigs -3 to 496 Baker Hughes #oott
US BAKER HUGHES OIL RIG COUNT ACTUAL 499 (FORECAST -, PREVIOUS 499) $MACRO
US BAKER HUGHES TOTAL RIG COUNT ACTUAL 603 (FORECAST -, PREVIOUS 605) $MACRO
🇺🇸 United States API Weekly Crude Oil Stock $USD Actual: 0.509M 🟢 Expected: -1.430M Previous: 4.906M
US API DISTILLATE STOCK CHANGE ACTUAL 1.713M (FORECAST -, PREVIOUS -2.187M) $MACRO
US API CRUDE OIL STOCK CHANGE ACTUAL 0.509M (FORECAST -1.43M, PREVIOUS 4.906M) $MACRO