Oil rises amid concerns over situation in Gaza, Ukraine July 22, 2014 - 16:55 AMT PanARMENIAN.Net - The price of oil rose above $103 a barrel Tuesday, July 22, on persisting jitters over the situation in Gaza and the standoff over the shooting down of a Malaysian airliner in Ukraine, the Associated Press reports. U.S. benchmark crude for September delivery was up 21 cents to $103.06 a barrel at 0615 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 91 cents to $102.86 on Monday. The August contract, which expires Tuesday, was up 41 cents at $105.00 a barrel. Brent crude for September delivery, a benchmark for international oils, gained 3 cents to $107.71 on the ICE exchange in London. Israel bombed five mosques, a sports stadium and the home of the late Hamas military chief across the Gaza Strip early on Tuesday, as UN chief Ban Ki-moon and U.S. Secretary of State John Kerry met in Cairo to launch the highest-level push yet to end two weeks of Israel-Hamas fighting. The clashes have claimed at least 570 Palestinian and 29 Israeli lives. The fighting has added to the risk of instability in the oil-rich Middle East just as tensions have intensified between the West and Russia, a major oil producer, over the Ukraine crisis. 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 |  Latest news Turkey extends military presence in Azerbaijan  The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skillsArmenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |
