WTI Falls From Two-Year High as Obama Presses for Syria Action
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West Texas Intermediate crude fell from the highest level in more than two years as U.S. President Barack Obama struggled to persuade lawmakers of the need for a military strike against Syria.
Futures slid as much as 0.7 percent in New York after two days of gains. Obama will meet on Capitol Hill tomorrow with Senate Democrats, according to a Senate aide who requested anonymity because the meeting hasn’t been publicly announced. The Senate may vote on a resolution by the end of the week. The chamber’s top Republican, Kentucky’s Mitch McConnell, hasn’t said whether he will back a military strike.