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Even as President Bashar al-Assad of Syria is proclaiming battlefield momentum against the insurgency with the help of his Hezbollah ally, he appears to be facing a new threat: a rapidly weakening currency that has unnerved many Syrians, the NYT reports.
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*Market keeps an eye on standoff over Syria. SINGAPORE, June 18- Brent crude futures were barely changed around $105, holding not far off their strongest level in 10 weeks on mounting tensions in the Middle East, as investors remain cautious ahead of a Federal Reserve meeting.
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*NYMEX crude futures for July delivery had added 21 cents to $97.98 a barrel by 0030 GMT. *Production at Norway's Oseberg field and several adjunct fields in the North Sea was shut early on Monday and it was unclear when it would restart, its operator Statoil said on Monday.
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*Obama, Putin disagreed over Syria in tense meeting. ENNISKILLEN, Northern Ireland, June 18- Russian President Vladimir Putin faced further isolation on the second day of a G8 summit on Tuesday as world leaders lined up to pressure him into toning down his support for Syrian President Bashar al-Assad.
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President Obama and Vladimir Putin are at odds over the U.S. plans to arm Syrian rebels, reports CNBC's Michelle Caruso-Cabrera; and Jeffrey Frankel, Harvard Kennedy School professor; Benn Steil, Council on Foreign Relations; and Doug Holtz-Eakin, American Action Forum, discuss the agenda at the G8 Summit.
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CAIRO, June 17- Does Egypt face a new revolution? Millions hope so, it seems; they have signed a national petition demanding the president resign and plan to take to the streets on June 30, when Mohamed Mursi marks a year in office.
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President Barack Obama sparred with Russia's Vladimir Putin over how to end the war in Syria on Monday during an icy encounter at a G8 summit where divisions over the conflict eclipsed the rest of the agenda.
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*Obama, Putin square off over Syria. President Barack Obama sparred with Russia's Vladimir Putin over how to end the war in Syria on Monday during an icy encounter at a G8 summit where divisions over the conflict eclipsed the rest of the agenda.
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ENNISKILLEN, Northern Ireland, June 17- Prime Minister David Cameron wants Russian President Vladimir Putin to sign up to what he hopes will become an international peace plan to end the conflict in Syria but may have to press ahead without him, British officials said on Monday.
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*Gold subdued by equities rally on Wall Street. NEW YORK, June 17- Copper closed a touch lower on Monday on concerns the United States may scale back its monetary stimulus program, and oil prices fell after initially rising on fears of a superpower standoff over Syria and possible disruptions to Middle East crude supplies.
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*Obama, Putin square off over Syria. President Barack Obama sparred with Russia's Vladimir Putin over how to end the war in Syria on Monday during an icy encounter at a G8 summit where divisions over the conflict eclipsed the rest of the agenda.
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NEW YORK, June 17- Brent crude oil futures touched a 10- week high close to $107 a barrel on Monday as tensions in the Middle East rose, but prices finished slightly lower on the day after a late sell-off in U.S. gasoline futures. Brent's premium over U.S. crude ended at $7.70, on the narrow end of the $7.50 to $10 range in which it has traded since early May.
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ENNISKILLEN, Northern Ireland, June 17- Russia and the United States disagree on how to end the conflict in Syria but want the bloodshed to stop and the warring parties brought to the negotiating table, Russian President Vladimir Putin said on Monday.
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U.S. oil price almost reached $99 per barrel this morning, but was unable to sustain those gains, reports CNBC's Sharon Epperson; and Scott Shellady, Trean SVP Derivatives, and Alan Knuckman, Trading Advantage, discuss.
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MSNBC's Thomas Roberts reports on the agenda of the U.S. at the G8 Summit, including options on Syria. The Street Signs" crew, discusses.
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A new report says Iran is sending 4,000 troops to help back Syrian President Bashar al Assad. CNBC's Steve Liesman and Tom Petrie, Petrie Partners, discuss how the oil market is reacting.
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*Obama, Putin likely to square off over Syria. ENNISKILLEN, Northern Ireland, June 17- Western leaders rebuked Russian President Vladimir Putin for supporting Syria's Bashar al-Assad attempt to crush a two-year-old uprising, setting the stage for a tense G8 summit of the world's most powerful nations.
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CAIRO, June 17- Does Egypt face a new revolution? Millions hope so, it seems; they have signed a national petition demanding the president resign and plan to take to the streets on June 30, when Mohamed Mursi marks a year in office.
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*Copper stocks up 11,400 tonnes. LONDON, June 17- Copper dipped on Monday as the dollar firmed and inventories of the metal rose, but investors were cautious ahead of a U.S.
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NEW YORK, June 17- Brent crude oil rose in choppy trading on Monday, at one point reaching its highest level since early April, as a superpower standoff over the Syrian civil war intensified and raised the risk of conflict spilling into the Middle East oil region.
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*Obama, Putin likely to square off over Syria. British Prime Minister David Cameron, who is chairing the G8 summit, acknowledged there was "a big difference" between the positions of Russia and the West on Syria.
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