Oil climbed as supplies from Libya were interrupted and Russia warned of the potential for record prices if more nations ban its energy. West Texas Intermediate traded above $107 a barrel after rallying last week by the most in two months. Two Libyan ports have been forced to stop loading oil after protests against Prime Minister Abdul Hamid Dbeibah, with output halted at El Feel, a 65,000-barrel-a-day field. Crude’s market structure moved deeper into a bullish pattern, with Brent’s prompt spread back above $1 a barrel. Russia’s Deputy Prime Minister Alexander Novak said if more nations banned Russian energy flows, prices may “ significantly exceed ” historic highs. The U.S. and U.K. have moved to bar crude from the country after Moscow’s invasion of Ukraine, and there’s pressure for the European Union to follow. Oil has rallied this year as the war in Ukraine disrupted an already-tight […]