Brent crude traded near the lowest price in four months before economic data from the U.S., the world’s biggest oil consumer. West Texas Intermediate held near a six-month low. Futures were little changed in London and New York today after declining last week. The Markit Economics purchasing managers index for U.S. services is due tomorrow, while factory order data is also scheduled this week. In Iraq , militants seized control of two oil fields and some predominantly Kurdish towns in the north after clashes, according to Northern Oil Co. “Though geopolitical factors show no signs of improvement, markets seem to be turning to economic data and the supply-demand situation for direction,” Michael Poulsen, an analyst at Global Risk Management Ltd. in Middlefart, Denmark , said in a report. The U.S. data “could cause some volatility.” Brent for September settlement rose 13 cents, or 0.1 percent, to $104.97 a barrel […]