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, the oil-rig count fell by 20 to 516, while the combined count of oil and gas rigs dropped 34 to 664.

On Friday, crude oil fell to a new 12-year low, as West Texas Intermediate crude falling 6% to as low as $29.21 per barrel.

We’ll have the latest rig-count data at the top of the hour.

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