Baker Hughes: U.S. drillers are reducing oil and gas drilling equipment for the first time in three weeks.

The total number of rigs drilled in the United States in the week ending February 2 was 619, compared with the previous value of 621.

GBP/USD fell more than 1.00% on the day and is now at 1.2617.

Russian President Vladimir Putin allows trading of shares in Russneft.

Source: BP is still assessing conditions at Whiting refinery.

The 2-year U.S. Treasury yield rose 20 basis points to 4.40% on the day.

BP (BP.N): Power has been restored to the Whiting, Indiana, refinery after a power outage that occurred on the afternoon of February 1, local time, caused some equipment to stop working.

U.S. stocks continued to rise, with the S&P 500 index rising 1%.

Canadian Prime Minister Justin Trudeau: Canada is considering imposing sanctions on "extremist" settlers in the West Bank.

Chevron (CVX.N): Severe cold weather caused the company to reduce oil production in North America by 20,000 barrels per day in the first quarter.

Apple (AAPL.O) turned higher on the day after falling more than 4%.

S&P: In 2024, higher interest rates, inflation and slower economic growth are expected to create headwinds for credit.

S&P: Stable reserve funds and strong controls will enable U.S. states to cope with slower economic growth and slower recovery in fiscal 2024.

S&P: At the beginning of 2024, the U.S. economy remains resilient and recession risks have diminished.

The Israeli military said it intercepted a surface-to-surface missile launched toward Israel in the Red Sea.