West Texas Intermediate crude fell, trimming the biggest rally since August 2012 after a report of a political deal to boost oil exports from northern Iraq . Brent slid in London . Futures dropped 1 percent in New York , decreasing for the fifth time in six days. Iraq’s central government reached an accord with authorities in the country’s Kurdish region to boost exports from the north of the country, Al Mada Press reported. The Organization of Petroleum Exporting Countries may hold an emergency meeting in the first quarter of next year, Venezuela’s Foreign Minister Rafael Ramirez said in an interview with Panorama newspaper. Oil has collapsed into a bear market amid the highest U.S. output in more than three decades and signs of slowing global demand growth. OPEC, responsible for about 40 percent of the world’s supply, resisted calls from members including Venezuela and Iran to reduce its […]