Oil falls below $109 a barrel on Syria proposal | Bangkok Post: business

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Oil falls below $109 on Syria plan

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Oil prices, which have shot up in recent days over the threat of a United States strike against Syria, fell below US$109 a barrel Tuesday after Damascus reacted favourably to a proposal to turn over its chemical weapons. 

Oil prices dropped below US$109 a barrel after Damascus reacted favourably to a proposal to turn over its chemical weapons. (AP photo)

Benchmark oil for October delivery fell US$1.16 per barrel to $108.36 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.01 to close at $109.52 a barrel on the Nymex on Monday.

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