Brent crude oil prices fell slightly in London Tuesday after they briefly hit a near three-month high in the previous session. Brent crude for January delivery fell 4 cents to $111.41 a barrel on ICE Futures Europe. U.S. crude-oil January futures were up 24 cents, or 0.3%, at $94.06 a barrel on the New York Mercantile Exchange. Both contracts received momentum on Monday after manufacturing data confirmed signs of economic expansion in the world’s two largest oil-consuming nations, China and the U.S. Comment from the Organization of the Petroleum Exporting Countries’ ministers, arriving for the group’s meeting in Vienna, appeared to underline expectations for no change in OPEC’s output policy. Saudi Arabia’s oil minister, Ali al-Naimi, told reporters “the market is in the best situation it can be,” and said rising global oil demand could accommodate extra Iranian and Iraqi barrels. As OPEC’s largest producer, […]