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Brent crude fell after Kurdish and Iraqi forces seized control of Iraq's largest dam from Islamic State militants. West Texas Intermediate declined.
Brent slid as much as 1.4 per cent. Kurdish forces and government anti-terrorism units took over the Mosul Dam after receiving air support from the US, reversing gains made by the Sunni-Muslim insurgents in the north, according to Iraqi military spokesman Qassim Ata. Futures rose the most in a month on August 15 after Ukraine said its forces attacked and partially destroyed a military convoy entering the country from Russia.
Brent for October settlement slid $1.26, or 1.2 per cent, to $102.27 a barrel at 9:01 am New York time on the London-based ICE Futures Europe exchange. The contract rose $1.46 on Aug. 15, the most since July 17. The volume of all futures traded was about 28 per cent below the 100-day average for the time of day.
