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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Baker Hughes Oil Rig Count fell to 447 in August 2026
FMPMonthlyReleased August 2026
US Baker Hughes Oil Rig Count fell to 447 in August 2026, down 5 from July's 452 reading. The reading matched the 454 consensus. Baker Hughes Oil Rig Count has now declined for 3 consecutive months. Over the past 3 months, Baker Hughes Oil Rig Count averaged 445.6, vs 413.23 in the prior 3-month window. The reading is in the 82nd percentile of the trailing 24-month range.
Latest Release
447
Actual
454
Consensus
452
Previous
Median Absolute Error
±2.57
across last 12 releases
Last Call
Aug 2026
Predicted: 454.67
Actual: 447
Error: +7.67
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Baker Hughes Oil Rig Count (United States) was reported at 450.00 in September 2026. The reading rose from the previous value of 449.00. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 423.86, ranging from 406.00 to 455.00 across 43 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 448.67, down from the prior three at 453.67. Volatility over the past year (σ 16.14) is lower than the prior year (σ 27.44). In September readings over the past 3 years, Baker Hughes Oil Rig Count has averaged 464.23.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 2.57.
WHAT TO WATCH NEXT
The next release is scheduled for September 18, 2026. Same-country events in the next 14 days include NY Empire State Manufacturing Index (Sep 15) and NY Empire State Manufacturing Index (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Baker Hughes Oil Rig Count - US
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About Baker Hughes Oil Rig Count — United States
DEFINITION
The Baker Hughes Oil Rig Count is a widely recognized financial indicator that tracks the number of active oil rigs in the United States. This data is used by investors, analysts, and industry professionals to gauge the current state of the oil and gas market and make informed decisions about investments and production. The count is released weekly and is considered a key measure of the health and activity of the oil industry, providing valuable insights into supply and demand dynamics.
WHY THIS INDICATOR MATTERS
Energy-supply and inventory data shape commodity-curve positioning and feed through to headline inflation and consumer-discretionary spending. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 450. Prior reading (Sep 2026): 449. Before that (Aug 2026): 447.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.
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Economic Calendar - US Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 15:30 | US | 3-Month Bill Auction | 3.8 | 3.809 | 3.81 | Low | |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | NY Empire State Manufacturing Index | 20.6 | 15 | 10.85 | High | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Retail Sales MoM | -0.4 | -0.1 | -0.10 | High | |
| 12:30 | US | Retail Sales Ex Autos MoM | -0.3 | 0.5 | 0.50 | High | |
| 12:30 | US | Import Prices YoY | 5.9 | 6 | 6.35 | Low | |
| 12:30 | US | Retail Sales Ex Gas/Autos MoM | -0.2 | 0.1 | 0.10 | High | |
| 12:30 | US | Retail Sales YoY | 5 | 4.3 | 4.30 | High | |
| 12:30 | US | Export Prices MoM | -1.3 | -0.5 | -0.45 | Medium | |
| 12:30 | US | Import Prices MoM | -0.4 | 0.2 | 0.65 | Medium | |
| 12:30 | US | Export Prices YoY | 8.2 | 7.5 | 7.90 | Low | |
| 14:00 | US | Business Inventories MoM | 0 | 0.2 | 0.20 | Medium | |
| 14:00 | US | NAHB Housing Market Index | 35 | 34 | 33.50 | Medium | |
| 14:00 | US | Retail Inventories Ex Autos MoM | 0.7 | -0.5 | 0.7 | 0.70 | Low |
| 18:00 | US | Fed Interest Rate Decision | 3.75 | 4 | 4.00 | High | |
| 20:00 | US | Net Long-Term TIC Flows | 172.7 | 146.3 | 146.30 | Medium | |