Brent crude traded at a nine-month high as Iraqi forces battled insurgents north of Baghdad . West Texas Intermediate rose for the first time in four days after a government report showed U.S. crude supplies shrank. Futures advanced as much as 0.5 percent in London. Iraqi security forces regained control of the Baiji oil refinery, the country’s biggest, as President Barack Obama told top U.S. lawmakers that he won’t need additional congressional approval for the options he’s considering in response to the crisis. U.S. crude inventories fell by 579,000 barrels last week, the Energy Information Administration said yesterday. “The short-term risks have increased significantly, and a test of $120 for Brent next week wouldn’t come as a surprise,” Hans van Cleef, an energy economist at ABN Amro Bank NV, said by phone from Amsterdam. “All the tensions are in the north of Iraq , and as long as exports […]