Brent crude declined for a third day and West Texas Intermediate slipped amid speculation that Iraqi oil production won’t be disrupted by escalating violence in OPEC’s second-largest producer. Futures decreased as much as 0.4 percent in London. Iraqi forces regained control of the Baiji refinery in the north from Islamist militants, and fighting hasn’t spread to the south, home to more than three-quarters of the country’s crude output. In the U.S., a government report tomorrow may show oil stockpiles slid for a fourth week, according to a Bloomberg News survey. “ Iraq is still the talk of the town, even though the situation on the ground has not escalated materially,” Amrita Sen, chief oil markets analyst at London-based consultant Energy Aspects Ltd., said in a report. “Iraqi supply losses have been minimal so far.” Brent for August settlement dropped as much as 50 cents to $113.62 a barrel on […]