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1:50 p.m. ET: Crude higher after Baker Hughes rig data
Markets are seesawing near breakeven amid mixed messages from the U.S. and China on trade, but crude (CL=F) is more than 1% higher on the day. Baker Hughes oil rig data showed that American producers added rigs for the first time in eight weeks, but producers are pressing ahead to cut spending on new drilling.
According to Baker Hughes, the U.S. oil rig count is on track for its first annual decline since 2016.
12:06 p.m. ET: Uber tries to get a second shot in London
After being stripped by U.K. regulators of its ability to operate in London, Uber (UBER) has submitted an appeal in an effort to have its privileges reinstated. The process may be lengthy and ultimately denied, but it allows the ride-sharing service to keep operating in the city, for now.
11:00 a.m. ET: UK elections roundup: ‘Christmas has come early’
Markets are still sorting…