News that renewed clashes in Libya could disrupt the country’s oil exports caused oil prices to briefly rally Monday morning. Reuters Can Libya save Russia? With the ruble sliding another 11% against the dollar on Monday, Russia could use a rally in oil prices. As rising supply and weaker demand have pushed Brent crude toward $60 a barrel, the market has focused on how quickly U.S. producers will pull back. That is likely to be a slow and uncertain process, though, so it may take something else to rebalance oil in 2015: political crises. The market got a taste of this with news that renewed clashes in Libya could disrupt the country’s oil exports, causing crude prices to rally briefly Monday morning. The increase in Libyan production to almost 900,000 barrels a day in October from roughly 250,000 in June helped spark the […]