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• US Oil Rig Count Falls by Most Since September 2021
  U.S. energy firms this week cut the number of oil rigs operating by the most since September 2021, reducing...
  U.S. energy firms this week cut the number of oil rigs operating by the most since September 2021, reducing the overall count for a fifth week in a row, via the report on June 2.
  
  The total oil and gas rig count, an early indicator of future output, fell by 15 to 696 in the week to June 2, the lowest since April 2022. U.S. oil rigs slumped by 15 to 555 this week, their lowest since April 2022, while gas rigs held unchanged at 137.  Baker Hughes said that puts the total rig count down 31, or 4%, below this time last year.
  
  In May, the oil rig count fell for a sixth straight month as it posted the biggest monthly drop in almost three years, while gas rigs posted the biggest decline in a month since 2016, according to Baker Hughes data last week.
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• Dow finishes up 700 points as stocks rally following jobs report
  Stocks rose Friday, with the Dow Jones Industrial Average ...
  Stocks rose Friday, with the Dow Jones Industrial Average DJIA logging its biggest point gain of 2023 after a strong May jobs report. The Dow rose around 701 points or 2.1%, according to preliminary figures. The S&P 500 SPX jumped 1.5% to close near 4,282, just shy of the 4,292.84 level that would mark an exit from the bear-market territory for the large-cap benchmark. The Nasdaq Composite COMP rose 1.1%.
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• ExxonMobil grows CCS footprint with Nucor deal
  ExxonMobil has announced a carbon capture and storage contract with US steel giant Nucor, involving the...
  ExxonMobil has announced a carbon capture and storage contract with US steel giant Nucor, involving the capture, transport and storage of up to 881,000 short tons of carbon dioxide annually from Nucor's manufacturing plant in Convent, La., beginning in 2026. The deal is Exxon's first with a hard-to-abate industry and expands its CCS customer base to a total of 5.51 million short tons per year.
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• Stock Market Outlook Friday Morning
  US stock futures rise early Friday as investors digest the May jobs...
  US stock futures rise early Friday as investors digest the May jobs report. The Senate also passed the key debt-ceiling deal, ending the threat of a US default. Check out the latest market moves.
  
  Earnings on deck: Mercurity Fintech, Sectra, and more, all reporting.
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• ☕️What Else is Brewing Friday Morning
  President Biden tripped and fell after his speech at the Air Force Academy’s graduation ceremony yesterday....
  President Biden tripped and fell after his speech at the Air Force Academy’s graduation ceremony yesterday. The White House said Biden was “fine.”
  
  Airbnb sued New York City over an upcoming law the company says amounts to a “de facto ban” on short-term rentals.
  
  The Supreme Court sided with a concrete company over a union in a ruling that deals a blow to organized labor.
  
  The FDA warned Americans not to buy off-brand versions of the weight-loss drugs Ozempic or Wegovy because it can’t verify that they’re safe.
  
  LSU football players will wear air-conditioned helmets during the upcoming season. Watch them react to putting the helmets on.
  
  
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