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What to Watch: Rig Counts and COT

ENERGY
  • The latest Baker Hughes rig count data is due for release at 13:00ET. The US oil rig count last week edged down to 498 and the gas rig count was up slightly to 120.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30GMT and 15:30ET. Crude managed money net long positions rebounded last week from the least bullish in data back to March 2011 the previous week.

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