Brent crude fell to a three-week low, narrowing its premium to West Texas Intermediate, as OPEC output climbed and Libya prepared to reopen an export terminal. Brent and WTI slipped as a Bloomberg survey showed OPEC crude production increased in May for the first time in three months. Libya’s Hariga port is set to resume operating within two days after authorities approved salary payments to Petroleum Facilities Guard members who are preventing loadings, according to the country’s National Oil Corp. Gasoline and diesel futures also fell amid speculation a government report will show fuel supplies gained last week. “Rising OPEC production will help keep a lid on prices,” said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy. “As things right themselves in places like Libya, the market will come under further pressure.” Brent for July settlement fell 58 cents, or […]