Here comes the Baker Hughes rig count ...

Oil driller Baker Hughes will release its latest count of US oil and gas rigs at the top of the hour.

Last week, we saw the combined tally fall to a new low of 440. The oil rig count fell for a fourth straight week, by 3 to 351. And, the gas rig count was unchanged at 89.

Crude oil prices have rallied this week and were headed for a weekly gain of about 11%, even after a meeting of producers to possibly freeze output levels failed. A workers' strike in Kuwait, and a sixth weekly decline in US production, were among bullish catalysts.

We'll have the latest rig-count data at the top of the hour, so refresh this page for updates.

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