Brent crude fell after Iraq ’s Kurds recaptured most of the country’s largest dam from Islamist militants. West Texas Intermediate declined in New York . Futures dropped as much as 1.1 percent in London , extending a 1.4 percent loss last week. Kurdish forces took control of the Mosul dam as the deployment of U.S. air power in the campaign helped reverse some of the gains made by Islamic State militants in the north. Production in Libya, also an OPEC member, increased to 540,000 barrels a day as the port of Es Sider prepared to ship crude, according to National Oil Corp. “Prices are sliding again and likely to break into fresh low ground, perhaps today, certainly this week,” Christopher Bellew , senior broker at Jefferies International Ltd., said by e-mail. “The civil war in northern Iraq has stabilized without the Islamic State moving towards Baghdad . Although IS […]