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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 was last week at 501 after holding relatively steady since Oct. The gas rig count last week dipped slightly to 118.
  • The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30GMT and 15:30ET. Crude and ICE Gasoil managed money net long positions last week fell back amid bearish market demand pressures.

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