The latest data on oil rigs in use is set for release from driller Baker Hughes at the top of the hour.
Last week, the rig count rose by 7 to 381, the highest total since March 18.
The rig count has been steadily ticking higher in recent weeks amid what had been a bit of recovery in oil prices through the spring, though last week the price of oil fell below $40 briefly for the first time in months.
On Friday ahead of the rig count, oil prices were up over 2% to north of $44 a barrel.
We’ll be back with the live numbers when they cross.
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