Brent holds above $112 as investors watch Syria developments

Brent crude futures held steady above $111 a barrel on Thursday as investors waited to see whether diplomatic efforts to eliminate Syria’s chemical weapons avert the threat of U.S. military action that could lead to disruption of oil supplies.

Diplomatic efforts to place Syria’s chemical weapons under international control intensified on Wednesday while U.N. rights investigators detailed what they called war crimes carried out largely by Syrian government forces in the civil war.