  Oil prices flat as traders await end of EU summit October 19, 2012 - 10:42 AMT PanARMENIAN.Net - Oil prices were nearly flat Friday as traders awaited the end of a two-day European Union summit on shoring up the region's stricken banks, AP reports. Benchmark crude for November delivery was down 2 cents to $92.08 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract lost 2 cents to finish at $92.10 a barrel on the Nymex on Thursday. Brent crude, which many U.S. refiners use to make gasoline, rose 1 cent to $112.43 in London. European Union leaders meeting in Brussels reached an agreement to create a banking supervisor for the 17 countries that use the euro currency, a step seen as vital toward stabilizing scores of troubled banks and helping to resolve the region's debt crisis. Partner news  Top stories Dwelling on Armenian government’s lawsuit against the airline company, Andranik Shkhyan said the airport is ready to join the initiative. Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices.   Partner news |  Latest news Israeli security expert says Syrian hacker attack foiled  Israel refuses to comment on the strike but officials at the time said Iranian missiles set for Hezbollah were hit.Gyumri to host Europe Day celebrations The celebrations will feature a small information fair, with EU project representatives to brief the visitors on the initiatives launched.1st Armenian interactive fairy tale available for iPhone/iPod Touch The tale sparked great interest in Diaspora. Such projects, namely interactive version of “Alice in Wonderland”, are popular abroad.Expert says Russian FM’s remarks in context of Madrid Principles No decisive developments will follow the meeting between Russian and Azerbaijani foreign ministers, David Jamalyan said. |
