Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most oil output, and Iraq’s semi-autonomous Kurdistan Regional Government threatened to withhold oil exports if Baghdad failed to send its share of the budget. “The low oil prices are forcing a reduction of drilling rigs in the U.S. but also of budgets in oil-exporting countries,” said Olivier Jakob, oil analyst at Petromatrix. “Libya is already mostly out in terms of production. Libya and Yemen are getting closer to the day of outside military intervention.” Brent crude LCOc1 rose 65 cents to $62.05 a barrel by 0949 GMT (04:49 a.m. EST). It reached a 2015 high of $62.57 on Monday. U.S. crude […]