Oil prices fell Tuesday as supply disruption from Iraq remained minimal and those betting on higher prices began to doubt the possibility of more profit to be made. Brent crude was down 0.1% at $113.96 a barrel on ICE Futures Europe, after a gain of 2.1% last week that took it to fresh nine-month highs. WTI was down 0.3% at $105.84 a barrel on the New York Mercantile Exchange. The net long position, or bets that crude will rise, neared record highs in both the U.S. WTI market and Europe’s Brent market this week. This may have gone too far, said Ole Hansen, commodity analyst at Saxo Bank. When insurgents moved to attack cities in Iraq, the oil market shot higher on anticipation of a cut in supplies. But Iraq’s oil fields remain unaffected and very little supply disruption has yet materialized. “Investors have got a bit carried away […]