Brent crude rebounded from its lowest closing level in 14 months amid speculation that losses have been excessive amid risks to Middle Eastern supply. West Texas Intermediate was steady before U.S. inventory data. Brent futures advanced as much as 0.8 percent in London , having lost 5.1 percent in the past month. Iraqi security forces stepped up attacks against Islamic State militants after ousting fighters from the country’s largest dam with U.S. air support. Crude stockpiles in the U.S. probably dropped by 1.75 million barrels while gasoline and distillate supplies shrank for a third week, a Bloomberg News survey shows before an Energy Information Administration report. “It would take extraordinary circumstances to drive prices lower on a sustained basis,” analysts at JBC Energy GmbH in Vienna said in a report. “We thus see prices slowly recovering over the coming months to levels back above $105.” Brent for October settlement […]