NEWS 1

Oil Falls More than 2% on Syria Reports

Global oil prices fell towards $112 a barrel on Tuesday, touching their lowest level in two weeks as a Russian proposal to avert a U.S. strike on Syria gathered steam, easing concerns that a new Middle East conflict would further disrupt supplies.

Benchmark Brent crude hit a session low after Russia offered to help put Syria's chemical weapons under international control and U.S. President Barack Obama said he saw a possible breakthrough in the crisis.

Oil prices recovered when upbeat Chinese data raised expectations of a rebound in demand from the world's No. 2 oil consumer, but resumed their decline after the Russian Interfax news agency said Syria had accepted Moscow's plan.

VOCABULARY

FELL: Cayó

TOWARDS: Hacía

LOWEST: Más bajo

PROPOSAL: Propuesta

GATHERED: Se reunieron

STEAM: Vapor

EASING: Flexibilización

CONCERNS: Preocupaciones

EAST: Este

WOULD: Sería

FURTHER: Más

CHEMICAL: Producto Químico

WEAPONS: Armas

BREAKTHROUGH: Avance

UPBEAT: Optimista

RAISED: Criado

REBOUND: Rebote