ENERGY: What to Watch: Rig Counts & COT

Oct-18 07:37
  • The latest Baker Hughes rig count data is due for release at 13:00ET.  The US oil rig count last week edged back up to 481 but the gas rig count dipped to 101 after a recent recovery.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30ET. Money managers last week increased net long crude positions to the highest since early August and reduced the bearish ICE Gasoil and Nymex diesel positioning.

 

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Historical bullets

STIR: Modest Steepener Flow Seen

Sep-18 07:30

Relatively muted pre-FOMC SOFR futures trade as London settles in. Flow of note has come further out the strip:

  • SFRH6/H7 paper paid 5.0 on ~1.4K
  • SFRZ7/H8 paper paid 2.5 on ~3.1K

EGB OPTIONS: Schatz Call Fly seller

Sep-18 07:21

DUV4 107.00/107.20/107.40c fly sold at 2.5 in 1k (expiry Friday).

EURIBOR OPTIONS: Put Condor seller

Sep-18 07:20

ERX4 97.00/96.87/96.75/96.62p condor sold at 6 in 2k.

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