Oil rises above US95 after good jobs signal a day ahead of

Oil rises above US$95 after good jobs signal a day ahead of unemployment report AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Associated Press Posted Jun 6, 2013 11:50 am MDT NEW YORK, N.Y. – Oil rose to a high for the week Thursday after a positive reading on the U.S. job market, as natural gas plunged on a surprisingly large increase in the nation’s supplies.U.S. benchmark oil for July delivery gained US$1.02 to finish at $94.76 a barrel in New York, the highest close since May 28. Earlier in the session, crude hit $95.32 a barrel.Natural gas dropped 17 cents, or 4.1 per cent, to end at $3.83 per 1,000 cubic feet.Oil prices received support from the latest government unemployment update. The U.S. Labor Department said Thursday that the number of Americans seeking unemployment benefits fell 11,000 last week to a seasonally adjusted 346,000, a level consistent with steady job growth. The claims figures come a day ahead of the monthly payrolls report, which often sets the tone across financial markets for a week or two after its release.Natural gas sank after the government released weekly supply numbers. Natural gas supplies tend to rise at this time of year, between the heating and air conditioning seasons. The report showed supplies rose by 111 billion cubic feet to 2.252 trillion cubic feet for the week ended May 31. That was well above the average increase for the last week of May of 82 billion cubic feet to 98 billion, according to the daily newsletter The Schork Report.Natural gas futures have dropped 43 cents, or 10 per cent in the last two weeks.Brent crude, a benchmark for many international oil varieties, rose 57 cents to finish at $103.61 a barrel on the ICE Futures exchange in London.In other energy futures trading on the New York Mercantile Exchange:— Wholesale gasoline rose three cents to end at $2.85 a gallon.— Heating oil added two cents to finish at $2.87 per gallon.___Pablo Gorondi in Budapest, Pamela Sampson in Bangkok and Christopher S. Rugaber in Washington contributed to this report.(TSX:ECA, TSX:IMO, TSX:SU, TSX:HSE, NYSE:BP, NYSE:COP, NYSE:XOM, NYSE:CVX, TSX:CNQ, TSX:TLM, TSX:COS.UN, TSX:CVE) read more

UN experts warn against release of former commander convicted in Srebrenica genocide

The experts’ call comes after the Bosnian Constitutional Court overturned the verdict and ordered a retrial. “The release of convicted criminals undermines efforts made by the Bosnian State Court and the international community to achieve justice, especially in light of the wider failure by the Government to adopt and implement a comprehensive transitional justice strategy,” the experts jointly said in a press release published by the UN Office of the High Commissioner for Human Rights (OHCHR).The experts include Pablo de Greiff, Special Rapporteur on the promotion of truth, justice, reparation and guarantees of non-recurrence; Ariel Dulitzky, Chair-Rapporteur, Working Group on Enforced or Involuntary Disappearances; Juan E. Méndez, Special Rapporteur on torture and other cruel, inhuman or degrading treatment or punishment; and Gabriela Knaul, Special Rapporteur on the Independence of Judges and Lawyers. Mr. Trbic was charged in April 2005 by the UN war crimes tribunal for the former Yugoslavia (ICTY) with crimes against humanity for his role in planning and carrying out the massacre in 1995 of 1,000 Bosnian Muslim men from Srebrenica. Mr. Trbic joined the Bosnian Serb Army (VRS) when the war in Bosnia started. He was found guilty of genocide by the Court of Bosnia and Herzegovina in October 2009.Emphasizing the necessity of ensuring that the rights of victims to truth and justice are respected, the experts also called on the Government of Bosnia and Herzegovina to take “all necessary steps” to protect victims and adopt a comprehensive transitional justice strategy as a matter of priority.The experts noted that the Bosnian Constitutional Court has overruled more than a dozen other convictions for war crimes and aiding genocide throughout the past year, following its “highly questionable” legal interpretation of the European Court of Human Rights judgment in Maktouf and Damjanovic. “Each decision has led to a prisoner’s release pending retrial and retrials have led to much lower sentences,” the experts stressed. “There is a grave risk that the convicted criminal will flee to another jurisdiction, as happened recently in the case of war criminal Novak Ðukic,” they added. Ðukic, a former commander of the Bosnian Serb Army’s Ozren Tactical Group, was sentenced to 20 years in prison for ordering an artillery squad to shell the town of Tuzla in 1995.This is the first case that concerns someone convicted not for having aided but for having directly committed genocide, which makes the decision “even more alarming,” the experts said.Moreover, the experts noted that the interests of justice require that people convicted of genocide, crimes against humanity, war crimes and other serious crimes, including torture and enforced disappearances, whose guilt is not in question, should not be released pending retrial and that punishment should be consistent with the gravity of the offence.“Such decisions are a slap in the face for victims and pose serious challenges with regard to the protection of victims from violence, re-victimization and intimidation,” said the experts, who have previously engaged with the Government of Bosnia and Herzegovina on these issues.The experts also said that “these decisions feed into a disturbing narrative propagated in some quarters that those convicted of war crimes and genocide have been unfairly targeted,” and warned that “this type of discourse seriously risks any prospects for reconciliation.” read more