Philip C. Wilcox, President of the Foundation for Middle East Peace, says the U.S. and United Nations are seeing a decline in influence in the Middle East.» Read More
Family Dollar rose the most in the Standard& Poor's 500 index— with a 25 percent gain— after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar's stock surged $15.08 to $75.74. Trulia jumped on news that Zillow, a rival real-estate listing service, was buying it for $3.5 billion.
*Gaza fighting subsides with Hamas backing 24- hour truce. *U.S., EU prepare more sanctions on Russia over Ukraine conflict. SINGAPORE, July 28- Brent crude slipped below $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subsided in Gaza, but some analysts said falls may be limited.
Viktor Shvets, Head of Strategy Research, Asia at Macquarie, says ongoing geopolitical tensions may go on "for years or even decades", which will drive oil prices higher.
Kamran Bokhari, Vice President of Middle Eastern & South Asian Affairs at Stratfor, outlines what it will take for Israel and Hamas to end the military conflict in the Gaza strip.
That offset continuing violence in Gaza, Libya and Ukraine. *U.S. crude futures for September delivery fell 39 cents to $101.70 a barrel by 0009 GMT, after finishing 2 cents higher on Friday.
HOUSTON, July 27- A tanker carrying crude oil from Iraqi Kurdistan was cleared by the U.S. Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block delivery of the controversial crude.
Barak Barfi, Research Fellow, International Security Program at the New America Foundation, explains why it is getting difficult for Israel to find an exit strategy out of Gaza.
John Kosar, President & Market Technician at Asbury Research, outlines the week's key events. He also discusses last week's decline in the U.S. 10-year yield.
*South Korea, Japan refiners to take first two U.S. cargoes. *Iran condensate exports to China made at deep discounts. While buyers in Japan and South Korea have been willing to trial a U.S. grade of the super-light crude known as condensate, China has already locked in annual contracts with Tehran and is not expected to take any U.S. oil in the short-term.
The Marshall Islands- flagged tanker United Kalavrvta sailed from the Turkish port of Ceyhan in June bound for the U.S. Gulf Coast despite Washington's concerns over independent oil sales from the autonomous region and threats from the Iraqi central government.
A truce in the Gaza Strip has collapsed after a barrage of rockets fired by Palestinian militants was met with fierce Israeli shelling.
HOUSTON, July 26- A tanker carrying crude oil from Iraqi Kurdistan is hours away from the Port of Galveston in Texas, according to Reuters ship tracking data and the U.S. Coast Guard, its arrival imminent despite Washington's concerns about independent oil sales from the autonomous region.
It was not immediately clear if Hamas Islamists, who control the coastal enclave, were also willing to prolong the ceasefire.
A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. That helped the market overcome its latest dip, on July 17th, when a passenger jet was shot down in eastern Ukraine and Israel invaded the Gaza Strip, raising investor worries that conflicts around the world could escalate and destabilize financial markets.
NEW YORK, July 25- Brent oil prices reversed early losses to climb more than $1 a barrel on Friday, as fighting in Ukraine and deteriorating relations between Russia and the United States ignited new fears of supply disruptions in the market.
Gold prices settled higher Friday as unrest in Ukraine and the Middle East draws traders into their hiding spots. Gold for August delivery rose $12.50, or 1 percent, to settle at $1,303.30 an ounce. The U.S. Defense Department said Friday that Russia was about to move heavy artillery into the hands of separatists in Ukraine.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. WTI was down but Brent crude was up on the day. Nat gas was down and gold was up.
*Israel wants to pursue its hunt for Gaza tunnels. GAZA/ JERUSALEM, July 25- Israel rejected on Friday international proposals for a ceasefire in its fight against Islamist militants in Gaza, but is discussing changes to the truce plan with U.S.
NEW YORK, July 25- Even if data next week shows a mediocre rebound in U.S. economic growth, that might be enough to keep the stock market aloft at record highs and the Federal Reserve steadfast in its winding down of stimulus through bond purchases.
*Russia says Washington is disseminating "unfounded" accusations over Ukraine. *Russia says Ukraine shelled across the border to kill law enforcement officers.