Supported by outages in Libya and concerns about the loss of some Russian supply, oil rose early on Monday after a long weekend, returning to the levels last seen at the end of March, just before the United States announced its largest-ever release of strategic crude stocks to curb rising crude and gasoline prices. As of 9:45 a.m. ET on Monday, WTI Crude was up by 0.92% at $107.86, and Brent Crude had risen by 0.98% at $112.75. The front-month prices of both benchmarks have now returned to the levels they were trading at just before the March 31…
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