Baker Hughes rig count and CFTC positions data due Friday

Published 07/08/2025, 19:02
© Reuters

As traders approach another pivotal day for financial markets on Friday, August 8, 2025, a series of crucial economic data releases that could sway market dynamics are expected. While no high-impact events are scheduled, the Baker Hughes (NASDAQ:BKR) rig count and the Commodity Futures Trading Commission’s (CFTC) weekly Commitments of Traders (COT) report will provide valuable insights into the oil drilling industry and speculative positions across various markets.

Major Economic Events to Watch

There are no 3-star economic events scheduled for this day.

Other Important Economic Events to Watch

• 1:00 PM ET - Baker Hughes U.S. Rig Count (Forecast:410, Previous: 410): A key indicator of demand for oil products and services in the drilling industry.

• 1:00 PM ET - U.S. Baker Hughes Total (EPA:TTEF) Rig Count (Previous:540): Provides a comprehensive view of drilling activity across all sectors.

• 3:30 PM ET - CFTC S&P 500 speculative positions (Previous:-163.2K): Offers insights into speculative sentiment for the S&P 500 index.

• 3:30 PM ET - CFTC Nasdaq 100 speculative positions (Previous:35.0K): Reveals speculative positioning in the tech-heavy Nasdaq 100 index.

• 3:30 PM ET - CFTC Gold speculative positions (Previous:223.6K): Indicates speculative interest in the gold market.

• 3:30 PM ET - CFTC Crude Oil speculative positions (Previous:156.0K): Shows speculative sentiment in the crude oil market.

Other Economic Events to Watch

• 3:30 PM ET - CFTC Aluminium speculative net positions (Previous:0.5K): Reflects speculative interest in the aluminum market.

• 3:30 PM ET - CFTC Copper speculative positions (Previous:37.3K): Indicates speculative positioning in the copper market.

• 3:30 PM ET - CFTC Silver speculative positions (Previous:59.4K): Shows speculative interest in the silver market.

• 3:30 PM ET - CFTC Natural Gas speculative positions (Previous:-85.8K): Reveals speculative sentiment in the natural gas market.

• 3:30 PM ET - CFTC Wheat speculative positions (Previous:-69.7K): Indicates speculative positioning in the wheat market.

• 3:30 PM ET - CFTC Corn speculative positions (Previous:-133.5K): Shows speculative interest in the corn market.

• 3:30 PM ET - CFTC Soybeans speculative positions (Previous:-10.8K): Reflects speculative sentiment in the soybean market.

For further information and the latest updates, please refer to our Economic Calendar, here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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