LONDON : Oil prices fell further on Tuesday from recent highs on easing fears of a possible military strike on Syria, with the US appearing open to a Russia plan for Damascus to give up its chemical weapons. Brent North Sea crude for October shed $1.52 to stand at $112.20 a barrel in London midday deals. New York's main contract, West Texas Intermediate for October, slid $1.87 to $107.65 a barrel.
"Proposals set forward by Russia which would see Syria place its chemical weapons under international control helped alleviate oil supply concerns," said Sucden brokers analyst Kash Kamal.
"Both front month benchmark prices have been rising in recent weeks as increasing concerns over the effect of a US military strike supported the oil market."