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The weekly Baker Hughes rig count data shows: • Oil rigs vs 511 vs 506 last week • Natural Gas rigs 106 vs 109 last week • Total rigs 619 vs 617 last week. Crude oil is trading up $0.31 at $82.41.U.S. Drilling Activity Inches Up The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data ...
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This week was not for the faint of heart as we saw a toxic mix of small, medium, and large geopolitical, macro, and idiosyncratic shocks. Stocks lost a chunk of their value, carry trades blew up in FX, and liquidity all but vanished in many markets, including S&P futures. Let’s go through the big stories one by one. Not in chronological order. More money ...