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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Baker Hughes Total Rigs Count climbed to 582 in January 2025
FMPMonthlyReleased January 2025
US Baker Hughes Total Rigs Count climbed to 582 in January 2025, up 6 from December's 576 reading.
Latest Release
582.000000
Actual
—
Consensus
576.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Baker Hughes Total Rigs Count (United States) was reported at 582.00 in January 2025. The reading rose from the previous value of 576.00.
WHY IT MATTERS
The trailing three releases averaged 579.33, down from the prior three at 587.00. In January readings over the past 3 years, Baker Hughes Total Rigs Count has averaged 599.00.
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).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Retail Sales MoM (Jun 17) and Retail Sales Ex Autos MoM (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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Baker Hughes Total Rigs Count - US
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About Baker Hughes Total Rigs Count — United States
DEFINITION
The Baker Hughes Total Rigs Count is a widely recognized financial indicator that measures the total number of active drilling rigs in the oil and gas industry. This data is used by investors, analysts, and industry professionals to track the overall health and activity of the energy sector. The Baker Hughes Total Rigs Count is considered a key indicator of future oil and gas production and can provide valuable insights into market trends and potential investment opportunities.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2025): actual 582. Prior reading (Jan 2025): 576. Before that (Jan 2025): 580.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind 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.