Brent Steady On Non-Violent Solution In Syria

Brent was steady on Wednesday as the tension between the West and Syria eased. After tumbling four percent over the past two days, the commodity traded at $111.43 at 7:03 GMT on Wednesday morning. Syria has accepted a proposal, backed by the country's ally Russia, to hand its chemical weapons over to international authorities. In doing so, the nation will avoid US military strikes but conflict over the proposal's details has created a deep division between the US and Russia. The BBC reported that the US, UK and France are calling for a defined timetable as well as consequences of failure in order to avoid stalling tactics. Russia has refused to back any draft which blames the Syrian government for the chemical weapons attack. Related: