Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roils markets from Europe to Asia. Futures in New York extended gains toward $80 a barrel, a level they haven’t hit since 2014. The U.S. Energy Department said that it had no plans “at this time” to tap the nation’s oil reserves, easing concerns that higher prices could be met with emergency supply. Crude rallied to the highest since 2014 earlier this week after OPEC+ stuck with plans for a gradual boost in supply next month despite a rapidly tightening market, in part due to the energy crisis. Russia’s offer to ease the gas crunch in Europe and a Financial Times report that the U.S. would consider releasing reserves saw prices tumble more than 3% […]