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US oil ends lower as grim data overwhelm Syria fears

An oil drilling rig in North Dakota
Getty Images
An oil drilling rig in North Dakota

Brent crude oil prices fell from a near five-month high of more than $111 a barrel Monday, despite tensions in the Middle East stoked by the increasing possibility of a Western-led military response to an alleged chemical weapons attack in Syria.

Trading was choppy, however, as a sharp drop in U.S. durable goods orders limited gains and added to signs that third-quarter economic growth may be slower than economists had previously expected.

U.S. crude for October was the session's laggard, settling down 50 cents at $105.92, after trading as high as $107.37, the highest level in four sessions.

Brent crude for October cooled its gains. It fell 40 cents, to under $111, after hitting $111.68, its highest level since April 2.

Brent has risen in the past two weeks on tighter supply because of disrupted output from the North Sea to Libya, while positive economic data from the euro zone and China last week improved the outlook for fuel demand.

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