Baker Hughes BKR.O missed both quarterly profit and revenue estimates on Monday and said the global economy is expected to experience inflationary pressures and tightening monetary conditions. Brent crude LCOc1 averaged $88.62 a barrel during the fourth quarter, up about 11% from a year earlier, as sanctions on large oil producer Russia for its invasion of Ukraine have upended global supply routes. Meanwhile, average North America rig count, an early indicator of future output, for the Oct-Dec 2022 quarter rose to 965 from 720 from the previous year, according to Baker Hughes data.