Weekly Baker Hughes rig count
- Oil rigs up 4 to 376 from 372 last week
- Gas rigs up 1 to 99 from 98 last week
- Total rigs up 5 to 475 from 470 last week
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Stagflation risk looms! Sticky inflation & slow growth may halt Fed rate cuts. AI returns uncertain.
Inflation cools to 2.7%, but economists doubt data's accuracy. Traders eye potential market shifts.
Energy Transfer LP yields 8.2%, Oneok 5.75%, Permian 4.35%. Analysts rate them Strong/Moderate Buy with upside.
Treasury yields dip on cooler inflation, fueling Fed rate-cut bets. Equities and oil sink as traders digest.
Gas prices hit Dec 2020 lows, falling below $3! Holiday travelers rejoice as prices slide ahead of Christmas.
Soybeans dump 27¢ wk/wk on China auction & managed money cuts. Cash beans at $9.78. Watch export sales!
Nasdaq, Nvidia, Oracle lead tech revival! Wall St ends week higher as Micron shines. Traders eye bond yields.
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