WTI Falls a Second Day as Concern Eases on Syria Strike
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West Texas Intermediate crude fell for a second day as signals that an attack against Syria isn’t imminent reduced concern that supplies will be disrupted.
Futures dropped 1.1 percent a day after the U.K. House of Commons rejected a proposal by Prime Minister David Cameron seeking a military response to what he says is evidence of the use of chemical weapons by Syria. WTI oscillated as Secretary of State John Kerry said the U.S. has “high confidence” that the Syrian government used the weaponry. Kerry and President Barack Obama said a military action would be limited in scope.