Brent hits 3-week low below $111 after U.S.-Russia deal on Syria

SINGAPORE: Brent oil futures fell by more than a dollar on Monday to a three-week trough below $111 a barrel as supply worries eased after the U.S. agreed to call off military action against Syria in a deal with Russia to remove Damascus's chemical weapons.

The crude benchmark touched a six-month high of $117.34 a barrel late in August amid worries that a possible U.S.-led military strike against Syria may disrupt oil supplies from the Middle East.