Here comes the Baker Hughes rig count ...

Baker Hughes will release its weekly count of US oil and gas rigs just after 1 p.m. ET.

Last week, the decline in oil rigs continued after pausing in the prior period. The count fell by 2 to 316, while the gas rig count rose 2 to 87. The total rig count was 404.

The data could provide some clues about whether some producers got back in the game as crude oil prices approached $50 per barrel, said Accendo Markets' Mike van Dulken in a note.

Crude oil prices were lower but little changed ahead of the release. West Texas Intermediate crude futures in New York fell 0.47% to $48.94 per barrel.

Refresh this page for the latest at the top of the hour. Here's the most recent chart:

NOW WATCH: Sacha Baron Cohen recounts his 2003 Trump interview: 'I was the first person actually to realize that he's a d---'