Middle East


  • Marc Faber: Buy Oil, Energy Names Monday, 28 Feb 2011 | 1:27 PM ET

    Marc Faber, who predicted the U.S. stock market crash in 1987, reveals the one energy stock he likes right now.

  • An anti-government protestor holds a blooded Egyptian flag in Tahrir Square on February 3, 2011 in Cairo, Egypt.

    Egypt’s stock market is braced for a possible sell-off of shares when trading resumes on Tuesday after being closed for more than a month because of the country's political crisis.

  • Gaddafi Wants to Abolish Switzerland Monday, 28 Feb 2011 | 9:48 AM ET
    Libyan leader Muammar Gaddafi

    Switzerland has also moved to freeze the assets of the Libyan regime. But it seems unlikely that Colonel Gaddafi and his cronies would be stashing their wealth in Zurich these days.

  • Oil Supply-Side Shock Would Hurt: Economist Monday, 28 Feb 2011 | 8:35 AM ET
    Oil Rig

    There is rarely a happy ending when the price of crude jumps sharply, Stephen King, the chief economist at HSBC in London, said.

  • BENGHAZI, LIBYA - FEBRUARY 25: Libyans protest demanding the removal of Libyan leader Muammar Gaddafi following Friday prayers on February 25, 2011 in Benghazi, Libya. Benghazi residents mourned more victims of the violence as fighting continued around the capitol Tripoli.

    Oil prices are likely to extend last week's gains despite assurances from de facto OPEC leader Saudi Arabia that it's willing and able to meet any supply shortfalls from Libya, according to the latest CNBC market sentiment survey.

  • Stanford, Libya Connected Through Alleged Ponzi Scheme Saturday, 26 Feb 2011 | 2:23 PM ET
    Allen Stanford on a hospital trolly after being assaulted by jail prisoners.

    The Libyan government's sovereign wealth  fund invested some $500 million with Stanford but the deal feel apart when the SEC charged Stanford of running a $7 billion ponzi scheme. Libya may have managed to withdraw much of its Stanford investment.

  • A Libyan demonstrator holds his country's old flag during a protest in the eastern city of Tobruk.

    Even without rebellion in Libya and protests across the Middle East next week, the markets will consider Congressional testimony from Fed Chairman Ben Bernanke, and a long list of economic reports, including the February employment report on Friday.

  • Oil Traders Brace for Upside Risk on Mideast Turmoil Friday, 25 Feb 2011 | 4:53 PM ET
    A commodities trader at the New York Mercantile Exchange.

    Oil prices for the most active Brent and WTI crude contracts are still up over 10 percent since last Friday — and there's no sign that Mideast  turmoil will cease over the weekend. So oil traders are bracing for more — perhaps much more — upside risk.

  • Ferry Evacuating Americans Reaches Malta Friday, 25 Feb 2011 | 4:26 PM ET
    Protests in Libya

    After three days of delays, a U.S.-chartered ferry evacuated Americans and other foreigners out of Libya on Friday and brought them to the Mediterranean island of Malta.

  • Commodities Next Week     Friday, 25 Feb 2011 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil, gold and silver are likely headed next week, particularly given events in the Middle East. Oil posts its biggest weekly gain in 2 years, and even though it's off the highs for the week, there's a significant risk premium in the market.

  • O, Canada, How Far Will Your Dollar Rise? Friday, 25 Feb 2011 | 3:49 PM ET

    The Canadian dollar has room to rise - but not because of spiking oil prices.

  • Inflation-Hedging Plays: Companies Poised For Profit Friday, 25 Feb 2011 | 2:00 PM ET

    Just because prices are going up doesn't mean your portfolio has to suffer. An inflationary environment may be difficult for a lot of companies, but there are some names that appear poised to profit.

  • Oil Barrels

    If you listen closely enough, you can hear the stagflation storm brewing across the economy. It’s the sound of rising prices and weak economic growth conspiring to create the Federal Reserve’s worst enemy.

  • Oil Will Go Down to as Little as $70 a Barrel: CEO Friday, 25 Feb 2011 | 1:40 PM ET

    With much speculation about how high oil prices will go amid the unrest throughout the Middle East, one CEO told CNBC on Friday that oil will actually go down, to as little as $70 a barrel.

  • A wounded Egyptian man is brought away from front lines during a clash between pro- and anti-Mubarak protesters February 2, 2011.

    The role of Facebook in the Middle East revolutions is "overstated," says one prominent Jordanian businessman.

  • Oil Could Hit $120 a Barrel: Boone Pickens Friday, 25 Feb 2011 | 11:54 AM ET

    Oil prices, now topping $100 a barrel, could hit $120, energy financier T. Boone Pickens, chairman and CEO of BP Capital, and an advocate of replacing oil with natural gas in some applications, told CNBC Friday.

  • Will Oil Price Shock Kill the Recovery ? Friday, 25 Feb 2011 | 11:34 AM ET
    Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

    Massive instability in North Africa is terrible news for a fragile US recovery: Though just how terrible remains to be seen.

  • Options Market Sees Oil Under $115 Friday, 25 Feb 2011 | 10:58 AM ET

    Oil prices have seen wild moves in recent days amid increasing violence in the Mideast, but the options market is telling us the roller-coaster ride may be over.

  • Democracy in the Middle East? Thank Bernanke Friday, 25 Feb 2011 | 10:05 AM ET
    Protests in Libya

    Forget Twitter and Facebook. Forget outspoken Google spacer Exec Wael Ghonim. If you want to know who should get credit for the sudden surge towards democracy in the Middle East, send a ‘Thank You’ note to Ben Bernanke.

  • The bullion bull run is strong as investors flock to gold and silver as a safe haven from the turmoil in the Middle East. On Thursday, the spot price of gold and silver hit an all time high in Mumbai, India's largest bullion market.