KUALA LUMPUR, Malaysia (AP) — The price of oil rose above $94 a barrel Friday after incoming Federal Reserve chief Janet Yellen indicated that economic stimulus will remain in place pending further improvement in the U.S. economy. Benchmark U.S. crude for December delivery was up 35 cents to $94.11 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract slipped 12 cents to close at $93.76 on Thursday. Brent crude, the international benchmark, was up 13 cents to $108.41 a barrel on the ICE exchange in London. Yellen, who is slated to replace Ben Bernanke in late January, testified Thursday to the Senate Banking Committee. She said the U.S. economy has gained ground but still needs the Fed’s support because unemployment remains too high at 7.3 percent. The Fed is buying $85 billion of government bonds and mortgage securities a month […]