Brent crude fell for a second day, reducing its premium over West Texas Intermediate futures as the euro slid against the dollar. The European benchmark pared its second monthly gain as the euro declined after climbing to a November high in intraday trading. A weaker euro and stronger dollar reduce crude’s investment appeal. The Brent-WTI spread narrowed for a second day. WTI capped a third monthly decline, the longest losing streak in almost five years. “The reversal of the euro is weighing on Brent prices,” said Phil Flynn , senior market analyst at the Price Futures Group in Chicago . “It seems like there is some profit taking in the Brent-WTI spread. The fundamentals are still bearish for WTI.” Brent for January settlement decreased $1.17, or 1.1 percent, to end the session at $109.69 a barrel on the London-based ICE Futures Europe exchange and is up 0.8 percent this […]