US, Russia back UN programme to destroy Syria’s chemical weapons. Global oil prices fell to a five-week low below $109 (Dh400) a barrel on Monday after the US agreed to call off military action against Syria, easing supply concerns. Benchmark front-month Brent futures touched a six-month high of $117.34 a barrel in late August amid worries that a possible US military strike against Syria would disrupt Middle East oil supplies already hit by outages in Libya and Iraq.
But prices began to drop after Russia offered to help put Syria’s chemical weapons under international control.
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