The U.S. oil-rig count fell by 26 to 413 in the latest week, according to Baker Hughes Inc., maintaining a recent clip of sharp declines. The number of U.S. oil-drilling rigs, viewed as a proxy for activity in the oil industry, has fallen sharply since oil prices began to fall. But it hasn’t fallen enough to relieve the global glut of crude. There are now about 68% fewer rigs of all kinds from a peak of 1,609 in October 2014. According to Baker Hughes, the number of U.S. gas rigs declined in the latest week by 1 to 101. The U.S. offshore-rig count was 25 in the latest week, unchanged from the previous week and less than half the 54 rigs that were operating a year earlier. In total, the U.S. rig count is down 27 from last week at 514. Oil prices fell Friday as traders focused on […]