Oil remains flat-lined as traders wait for new cueNovember 5, 2013 - 14:34 AMT PanARMENIAN.Net - Oil flat-lined for a second day Tuesday, Nov 5, as traders waited for a new cue after a month of falling prices, the Associated Press reports. Benchmark U.S. crude for December delivery was up 11 cents at $94.73 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 1 cent to close Monday at $94.62, its lowest since mid-June. Oil climbed above $108 in September amid worrying headlines about instability in Egypt and the civil war in Syria. It sank after that as Iran re-entered international talks over its nuclear program and rising U.S. crude stockpiles indicated muted demand. U.S. economic indicators later in the week might determine whether oil continues to fall. The advance estimate of third quarter economic growth will be released Thursday and October hiring figures are due Friday. Brent crude, a benchmark for international crude also used by U.S. refineries, was up 19 cents to $106.42 a barrel on the ICE exchange in London. Related links: 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. |