  Oil prices drop underneath USD 100 per barrel January 21, 2012 - 17:29 AMT PanARMENIAN.Net - Oil prices fell on Friday, January 20, sliding underneath $100 in New York, as sentiment was hit by the stronger dollar and concerns over the outlook for the economy and energy demand. New York's main contract, West Texas Intermediate crude for delivery in Feb, slid 66 cents to $99.73. The Feb contract expires at the close. Brent North Sea crude for March delivery was down 41 cents at $111.14 in London midday deals. "We had a pronounced dollar rebound this morning, but (prices fell) also on weak demand numbers reported by the US govt,” AFP quoted VTB Capital analyst as saying.   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 Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
