Oil prices fall to near $95 ahead of U.S. jobs reportSeptember 7, 2012 - 10:18 AMT PanARMENIAN.Net - Oil prices fell to near $95 a barrel Friday, Sept 7 in Asia as the boost from Europe’s latest move to control its debt crisis faded ahead of the release of a monthly U.S. jobs report, according to The Associated Press. Benchmark oil for October delivery was down 38 cents at $95.15 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 17 cents to settle at $95.53 on Thursday. Crude was driven as high as $97.71 on Thursday by word that the European Central Bank would buy unlimited amounts of government bonds to help lower borrowing costs for euro nations that are struggling with debt. Prices were also boosted by a drop in U.S. unemployment benefit applications and the release of an Energy Information Administration report that showed U.S. crude supplies dropping by more than expected last week. Hurricane Isaac interrupted deliveries of oil imports and refinery activity along the Gulf Coast. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |