America's permanent partisan war for now shifts exclusively to the campaign trail. Here's what you need to pay attention to.» Read More
*Gold flat after hitting 3- week high in previous session. SINGAPORE, June 17- Gold steadied below a three-week high on Tuesday as escalating tensions in Iraq attracted some safe-haven bids, while investors waited for a Federal Reserve meeting this week before taking any big positions. Spot gold was little changed at $1,270.90 an ounce by 0316 GMT.
Don Luskin, Chief Investment Officer at Trend Macrolytics, says the crisis in Iraq will have a spill over effect in U.S. politics and result in a "Republican takeover."
SYDNEY, June 17- London copper was a touch firmer on Tuesday after China's leaders reaffirmed a 7.5 percent economic growth target this year, with prospects of further stimulus lifting Shanghai copper to the loftiest in more than a week. Copper is slowly recovering from six-week lows of $6,614.75 plumbed last week.
SINGAPORE, June 17- Gold held steady near a three-week high on Tuesday as escalating tensions in Iraq attracted some safe-haven bids, but investors were awaiting a Federal Reserve meeting this week before taking any big positions.
TOKYO, June 17- Asian shares struck a cautious tone on Tuesday as the double-whammy of a deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for risk. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.15 percent.
SEOUL, June 17- U.S. crude oil futures slipped on Tuesday after a rally triggered by unrest in Iraq lost some steam as OPEC's second-largest producer tightened security around oil infrastructure and oilfields to protect them from insurgents.
James Woolsey, former Director of the CIA from 1993 to 1995, says the U.S. needs to be careful about cooperating with Iran to quell instability in Iraq.
Bob Dudley, CEO of BP, says the company's oil production in Iraq is "a long way" away from the violence taking place in the country.
William Cohen, former U.S. Secretary of Defense from 1997 to 2001, explains how a more residual U.S. force in Iraq could have prevented the current sectarian conflict.
Vadim Zlotnikov, Chief Market Strategist and Co-Head of Multi-Asset Solutions, AllianceBernstein, says the crisis in Iraq won't induce higher oil prices, which could weigh on U.S. growth.
Energy stocks may be getting too rich and could quickly give up gains if the Iraq situation is defused, some analysts said.
"I don't know how long this lasts, but the bet is being made that we're going to $112," Anthony Grisanti says of crude oil.
Dennis Gartman, The Gartman Letter, explains how to trade the turmoil in the Middle East by investing in the U.S. fracking industry.
An al-Qaeda affiliated group is continuing its military action to take more cities in Iraq. CNBC's Michelle Caruso-Cabrera discusses whether this could be a start of a civil war.
CNBC.com Managing Editor Allen Wastler reports the mounting crisis in Iraq and a story on millennial women are the hottest topics among CNBC.com readers.
Discussing what higher oil and gas prices reveals about the economy and which sectors stood out in today's lackluster trading session, with CNBC contributor Ylan Mui; Fast Money trader Guy Adami; Cardiff Garcia, FT Alphaville; and CNBC's Dominic Chu and Kayla Tausche.
*Sunni Islamists strengthen grip on northern Iraq. NEW YORK, June 16- Brent crude oil futures rose on Monday as advances by Sunni insurgents in Iraq fueled concerns over a potential disruption to oil exports from OPEC's second-largest producer.
West Texas Intermediate (WTI) closed down a penny today after surging on Iraq fears in the past few days. CNBC's Jackie DeAngelis reports what further volatility could mean for gas prices.
Major oil producer Iraq pumped as much as 3.6 million barrels per day on some days this year. CNBC's Michelle Caruso-Cabrera reports on the escalating conflict in the country and its impact on oil production.
Dissecting the case for small caps, and the best place to invest, with Joe Tanious, JPMorgan Asset Management; Mike Balkin, William Blair Small Cap Fund; Kim Caughey Forrest, Fort Pitt Capital; and CNBC's Rick Santelli.