  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.   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 |  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. |
