* Iraq sends tanks, armoured vehicles to fight insurgents * Kerry, Saudi king discuss oil supply, U.S. official says (Updates prices to settlement, adds WTI-Brent spread, adds analyst quote) By Lorenzo Ligato NEW YORK, June 30 (Reuters) - Brent crude fell toward $112 a barrel on Monday, hitting an 18-day low as did U.S. crude near $105, as investors grew less worried about potential supply disruptions from Iraq. Heavy fighting between government-led forces and Sunni militants in the **rth of Iraq has spared refineries in the south, which process around 90 percent of the OPEC member's oil exports. "The fear premium is abating as the chances of fighting in Iraq hitting oil supplies diminishes," said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt.
07-01-2014, 09:42 PM
Brent and U.S. crude reach 18-day low on easing Iraq supply fears
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