Oil rose

West Texas Intermediate crude climbed from the lowest price in more than a week as a U.S. Senate committee approved military strikes on Syria, heightening the threat of a wider conflict in the Middle East.

Futures advanced as much as 0.8 percent in New York after falling by the most in two weeks yesterday. The Senate Foreign Relations Committee voted to authorize President Barack Obama to conduct a restricted operation following the alleged use of chemical weapons by President Bashar al-Assad, clearing the way for consideration by the full Senate. U.S. crude stockpiles shrank by 2 million barrels last week, according to a Bloomberg News survey of analysts before government data today.

WTI for October delivery increased as much as 81 cents to $108.04 a barrel in electronic trading on the New York Mercantile Exchange, and was at $107.86 at 1:29 p.m. London time. The contract dropped 1.2 percent to $107.23 yesterday, the biggest decline since Aug. 20 and the lowest settlement since Aug. 26. The volume of all futures traded was about 50 percent below the 100-day average.

Brent for October settlement was 40 cents higher at $115.31 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $7.39 to WTI, compared with $7.68 yesterday.