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What to Watch

ENERGY
  • The latest Baker Hughes rig count data is due for release at 18:00BST. The oil rig count last week recovered to 623 from a 10 week low of 618 the previous week. The gas rig count last week continued the gradual decline since September down to 150.
  • The ICE and Nymex commitment of traders reports will be released after the close today at 18:30BST and 15:30EST. Managed money net long positions in crude and diesel markets decreased the previous week.

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