CNBC's Sharon Epperson has the latest numbers on oil and gas supplies from the EIA Inventory Report.» Read More
*Oil holds around $106 a barrel; gold, copper little changed. LONDON, June 19- World shares edged higher while major currencies and commodities stayed within recent ranges on Wednesday as investors nervously awaited a decision on the U.S.
Violence in the Middle East and lower oil stockpiles in the United States supported prices. Brent futures for August delivery were up 50 cents to $106.52 a barrel by 0940 GMT and set for their highest close since April 4. U.S. crude for July delivery rose to a nine-month high of $99.01, before easing to $98.91, still up 47 cents.
*Oil holds around $106 a barrel, gold flat. LONDON, June 19- European shares turned lower but major currencies and commodities stuck within recent ranges on Wednesday as investors awaited clarity on the U.S.
*Oil holds around $106 a barrel, gold flat. LONDON, June 19- European shares edged higher and major currencies and commodities were little changed on Wednesday as investors awaited clarity on the U.S. There is a lot of slack in the economy and there is no inflation pressure, "said Ned Rumpeltin, head of G10 FX strategy at Standard Chartered Bank.
*Syria peace conference unlikely before Aug- source. SINGAPORE, June 19- Brent crude futures held above $106 a barrel on Wednesday as investors looked to a Federal Reserve meeting for clues on the outlook for a U.S. stimulus programme that has underpinned commodity prices. Brent futures for August delivery had gained 13 cents to $106.15 a barrel by 0522 GMT.
*Syria peace conference unlikely before Aug- source. SINGAPORE, June 19- Brent crude futures held above $106 a barrel on Wednesday as investors looked to a Federal Reserve meeting for clues on the outlook for a U.S. stimulus programme that has underpinned commodity prices. Brent futures for August delivery had edged down 1 cent to $106.01 a barrel by 0310 GMT.
PERTH, June 19- U.S. oil prices were steady below $99 on Wednesday as investors waited for the U.S. *NYMEX crude futures for July delivery had risen 6 cents to $98.50 a barrel by 0053 GMT, after climbing to a nine-month high of $98.74 a barrel on Monday. *Brent crude rose 6 cents to $106.08 a barrel.
Brent crude settled 55 cents higher at $106.02 per barrel after trading as high as $106.24. Front-month U.S. crude oil futures finished 67 cents higher at $98.44 per barrel, after reaching $98.61. The benchmark three-month futures contract in London ended at $7,005 a tonne, down from Monday's close of $7,082.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Oil extended its run today, while metals took it on the chin. Traders are watching Bernanke for indications that he'll taper sooner rather than later.
U.S. energy independence is seen almost as a holy grail, and soaring shale production has heightened hopes that the country may actually get there. But not everyone's so sure.
With the decision to decommission the San Onofre Nuclear Generating Station, we may now see enough to reasonably conclude that the nuclear power era is coming to a close.
*Market keeps an eye on standoff over Syria. LONDON, June 18- Oil rose above $106 a barrel on Tuesday after data pointing towards a strengthening U.S. economy eased some concerns ahead of the Federal Reserve's meeting on its stimulus plan.
*Market keeps an eye on standoff over Syria. LONDON, June 18- Brent crude futures eased towards $105 a barrel, falling from a 11- week high, as investors cautiously awaited guidance from the U.S. It rose to 106.67 on Monday, the highest since April 4, on mounting tensions in the Middle East.
*Market keeps an eye on standoff over Syria. At 0446 GMT, Brent was up 5 cents at $105.52 a barrel. U.S. oil added 5 cents to $97.82 after hitting a nine-month high near $99 a barrel in the previous session.
Oil prices ended slightly higher in sluggish trading as the market awaited the Federal Reserve's policy statement that is expected to show whether it will reduce monetary stimulus.
*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.
*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.
You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.
Commodities trader Dennis Gartman explains why he's trading Brent crude and WTI differently.