Here comes the Baker Hughes rig count ...

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

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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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