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.
Here's why this trader sees $100 oil around the corner.
LONDON, June 17- Brent crude oil rose above $106 per barrel on Monday as a superpower standoff over the Syrian civil war intensified, raising the risk of conflict spilling into the Middle East oil producing region.
*Middle East supply risks as Syria conflict escalates. LONDON, June 17- Brent crude oil steadied above $106 per barrel on Monday as a superpower standoff over the Syrian civil war intensified, raising the risk of conflict spilling into the Middle East oil producing region.
LONDON, June 17- Even without a relaxation of the ban on U.S. crude oil exports, the ripples of the shale revolution have already reached Asia. More than half of Saudi Arabia's crude exports head to refineries in China and the rest of Asia.
SINGAPORE, June 17- Brent crude futures steadied around $106 a barrel on Monday after hitting more than two-month highs in the previous session, as worries over bulging U.S. inventories and soft global demand forecasts offset supply concerns tied to Middle East tensions.
SINGAPORE, June 17- Brent crude futures traded below $106 a barrel on Monday, as worries over bulging U.S. inventories and soft global demand forecasts overshadowed supply concerns tied to Middle East tensions.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."