Oil near $92 as U.S. holidays thin tradingNovember 29, 2013 - 13:48 AMT PanARMENIAN.Net - Oil was little changed near $92 a barrel Friday, Nov 29, as holidays in the U.S. thinned trading, the Associated Press reports. Benchmark U.S. crude for January delivery was up 2 cents at $92.32 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile. Crude's last settlement was Wednesday as open outcry trading on the Nymex was closed for Thanksgiving. Oil has declined from about $110 in September due to reduced tensions in the oil-rich Middle East but above all to muted demand and high supplies. Brent crude, a benchmark for international oils, was down 6 cents at $110.80 a barrel on the ICE exchange in London. In other energy futures trading on Nymex: Wholesale gasoline was steady at $2.694 a gallon; Heating oil shed 0.6 cent to $3.037 a gallon; Natural gas added 3.7 cents to $3.932 per 1,000 cubic feet. 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |