OPEC crude output fell this month, led by declines in the group’s three-biggest producers. Output from the Organization of Petroleum Exporting Countries fell by 233,000 barrels to 32.048 million a day this month, according to a Bloomberg survey of oil companies, producers and analysts. Last month’s total was revised 35,000 barrels lower to 32.281 million a day because of changes to the Iraqi, Nigerian and Ecuadorean estimates. Crude futures in London and New York market are down 24 percent this quarter amid speculation that the global supply glut will grow as Chinese economic growth slows. OPEC agreed on June 5 to retain its collective output target of 30 million barrels a day, a level that it’s exceeded for 16 months, according to data compiled by Bloomberg. Brent crude for November settlement rose 19 cents, or 0.4 percent, to $48.42 a barrel on the London-based ICE Futures Europe exchange at […]