Oil prices hung near $105 a barrelMarch 23, 2011 - 14:11 AMT PanARMENIAN.Net - Oil prices hung near $105 a barrel Wednesday, March 23, in Asia as violent uprisings in the Middle East kept traders nervous about possible crude supply disruptions. Benchmark crude for May delivery was up 4 cents to $105.01 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.88 to settle at $104.97 on Tuesday. The April contract, which expired Tuesday, climbed $1.67 to end at $104. In London, Brent crude was up 18 cents at $115.88 a barrel on the ICE futures exchange, AP reports. Oil has jumped 24 percent since Feb. 14 as violent protests rock the Middle East and North Africa.   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 |  Related sections Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
