Oil hangs near $94 as investors await U.S. jobs reportNovember 8, 2013 - 13:32 AMT PanARMENIAN.Net - Oil was little changed near $94 a barrel Friday, Nov 7, despite a pickup in China's trade as investors awaited a U.S. jobs report, according to the Associated Press. Benchmark crude for December delivery was up 20 cents at $94.40 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 60 cents to $94.20 on Thursday after the dollar rose on an unexpected European Central Bank rate cut and OPEC forecast rising oil supplies in coming years. A possible sign that demand for oil could increase came from China where October trade data showed growth in overall imports accelerating. But the broader backdrop of ample supplies and muted demand, which has driven a monthlong slide in the oil price, continues to prevail. A report on U.S. hiring for October due later Friday is expected to show employment growing a modest pace. Brent crude, the international benchmark for oil, was down 35 cents at $103.11 a barrel on the ICE exchange in London. 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 | Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. Prosecutors to appeal Armenia ex-President’s acquittal Sargsyan was acquitted on Friday, May 31 more than four years after going on trial on corruption charges. Armenia: 28 protesters arrested after clash with police The Investigative Committee of Armenia has announced the arrest of 28 participants of an opposition demonstration. International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. |