At 10:58 am Singapore time (0258 GMT), front-month March ICE Brent crude futures rose 67 cents/b (1.03%) from Friday’s settle at $65.52/b, while the NYMEX February light sweet crude contract rose 55 cents/b (0.94%) at $59.09/b.  Libya’s oil production from key southern fields that produce close to 400,000 b/d has been curtailed by the Libyan National Army, Platts reported previously. This threatened exports from the country’s main terminal a day after its national oil company declared force majeure due to a blockade on two-thirds of its output. “Oil prices pushed higher on Monday following supply disruptions amid political disquiet in Libya and Iraq,” Stephen Innes, chief Asia market strategist at AxiTrader, said. Apart from disruptions at Libya, Iraq had also temporarily halted work on an oil field Sunday, according to media reports. Iraq remains in focus after […]