WTI Crude Declines as U.S. Weighs Intervention in Syria
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West Texas Intermediate fell as the U.S. debated a military strike on Syria and Russia raised objections to intervention, clouding the prospects for an attack that could heighten tensions in the Middle East.
Futures lost as much as 0.8 percent. The U.S. Senate Foreign Relations Committee is scheduled to vote today on a use-of-force resolution that sets a 90-day limit on military action and explicitly doesn’t authorize use of ground troops. Russian President Vladimir Putin said he will only support a United Nations resolution for military strikes if there’s conclusive proof the Syrian government used chemical weapons.