Globally, the number of rigs actively exploring for or producing oil or natural gas is down from May, though U.S. activity is rebounding, Baker Hughes reports. The oilfield services company published rig data from June , reporting the global count of 927 was down about 3 percent from May and 19 percent lower year-on-year. The average U.S. rig count for June, meanwhile, was up about 2 percent from May, but down 50 percent from June 2015. Rig counts serve as a loose gauge for the health of the oil and gas industry. The price for Brent crude oil, the global benchmark, is about 25 percent less than it was one year ago, through rebounding from the high $20 range in early 2016. Oil prices […]