Venezuela Crude Oil Rigs

Venezuela · Monthly series · EC-VE-COR

Latest, October 2026

7.0 pts

+250.0% from September 2026

Open interactive chartVenezuela Crude Oil Rigs in the app

56280July 2016October 2026
History through October 2026.

Forecast

No forecast is cached this cycle.

AI confidence

No forecast yet

Evidence will appear when a forecast and its backtests are available.

How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Model comparison

Comparison not readyA forecast and enough history for rolling backtests are required.

Reading

It is above 63% of the 115 earlier readings since November 2016.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
October 20267.0 pts
September 20262.0 pts
August 20262.0 pts
July 20262.0 pts
June 20262.0 pts
May 20262.0 pts
April 20262.0 pts
March 20262.0 pts
February 20262.0 pts
January 20262.0 pts
December 20252.0 pts
November 20252.0 pts
October 20250.0 pts
June 20252.0 pts
May 20253.0 pts
April 20252.0 pts
March 20252.0 pts
February 20252.0 pts
January 20251.0 pts
December 20241.0 pts
November 20241.0 pts
October 20242.0 pts
September 20243.0 pts
August 20242.0 pts

Source

Data: public market data feeds.

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