Brent crude dropped, extending a two-month slide, as OPEC’s oil production was seen increasing to the highest level in a year. West Texas Intermediate fell in New York . Futures slid as much as 0.4 percent in London, having retreated more than $9 in July and August. The Organization of Petroleum Exporting Countries boosted output by 891,000 barrels a day to 31 million in August, estimates compiled by Bloomberg show. Iraqi forces entered the town of Amirli, ending a siege imposed by Islamic State militants that lasted for more than two months, a senior Shiite-Muslim cleric said. Floor trading in the U.S. is closed for the Labor Day holiday today. “Representatives of OPEC countries have been surprisingly quiet following the $10-per-barrel drop in oil prices over the last two months,” JBC Energy GmbH, Vienna-based analysts, said in a report today. The organization will contemplate output cuts in the coming […]