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  • US oil barrels to new 2014 high, ends over $107 Friday, 20 Jun 2014 | 2:51 PM ET
    Gas is flared as waste from the Monterey Shale formation where gas and oil is extracted using hydraulic fracturing, or fracking, in March 2014 near Buttonwillow, Calif.

    U.S. oil rallied to a nine-month high on the risk of supply disruptions from Iraq, and a contract expiry.

  • NYMEX-U.S. crude up for 2nd day on Iraq supply risks Thursday, 19 Jun 2014 | 8:30 PM ET

    SEOUL, June 20- U.S. crude futures climbed towards $107 a barrel in early Asian trade on Friday, supported by the risk of conflict in Iraq disrupting oil supplies, as the United States said it would send military advisers to the country.

  • How the collapse of Iraq could actually save oil Thursday, 19 Jun 2014 | 6:29 PM ET
    A member from the oil police force stands guard at Zubair oilfield in Basra, southeast of Baghdad June 18, 2014.

    If the Baghdad government can keep militants away from its oil fields, Iraq's oil production could increase even as crude prices remain high.

  • Sen. Murphy proposes gas tax hike     Thursday, 19 Jun 2014 | 4:28 PM ET

    To help fund transportation programs, Sen. Chris Murphy (D-Conn.) makes the case for raising the gas tax.

  • Gas tax hike?     Thursday, 19 Jun 2014 | 4:27 PM ET

    CNBC's Morgan Brennan reports on an infrastructure plan that may cause more pain at the pump.

  • *U.S. to send military advisers to Iraq, offers air support. NEW YORK, June 19- Brent crude hit a nine-month high of more than $115 a barrel on Thursday as the United States said it could send military advisers to Iraq, raising concerns about the escalating conflict.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day, over fears of violence in Iraq. Gold was up $42 on the day, surpassing $1,300 for the first time in weeks.

  • Oil spiked as Obama addressed Iraq crisis     Thursday, 19 Jun 2014 | 3:10 PM ET

    CNBC's Michelle Caruso-Cabrera reports the U.S. intelligence is developing more information about potential ISIL targets and going forward will be prepared to take military action if necessary.

  • Raise the gas tax?     Thursday, 19 Jun 2014 | 2:10 PM ET

    Senators Bob Corker and Chris Murphy are proposing to raise the gas tax by $0.12 per gallon. CNBC contributors James Pethokoukis, and Jared Bernstein, share their opinions.

  • BRENT CRUDE OIL FUTURES RISE OVER $1 TO $115.27 A BARREL AS OBAMA SPEAKS ON IRAQ.

  • Highest gas price since 2008     Thursday, 19 Jun 2014 | 1:30 PM ET

    Gas prices are on the rise due largely to the crisis in Iraq. CNBC's Morgan Brennan reports today's national average is $3.67, the highest price since 2008.

  • Gas prices rise; Risks to your portfolio     Thursday, 19 Jun 2014 | 12:51 PM ET

    The FMHR traders discuss rising oil prices amid an escalating crisis in Iraq.

  • President Obama to make Iraq statement     Thursday, 19 Jun 2014 | 12:47 PM ET

    CNBC's Michelle Caruso-Cabrera provides insight to reports saying Sunni extremists in Iraq have occupied once Saddam Hussein's chemical-weapons facility.

  • Gazprom: Ending Ukraine contract won't hurt Europe Thursday, 19 Jun 2014 | 12:42 PM ET
    Russian state-run exporter OAO Gazprom branded end caps sit on sections of pipeline at the halted construction site for the South Stream gas project in Sajkas, Serbia.

    Gazprom's termination of a contract with Ukraine's state-owned gas company will not affect supplies to Europe.

  • *Iraq asks United States for air support vs insurgents. NEW YORK, June 19- Brent crude hit a nine-month high near $115 a barrel Thursday, as concerns that ongoing violence in Iraq could limit oil supply from OPEC's second-biggest producer.

  • Iraq urges US airstrikes     Thursday, 19 Jun 2014 | 10:36 AM ET

    CNBC's Michelle Caruso-Cabrera reports it's still unclear who is in control of the Baiji oil refinery, and the Iraqi government is expressing frustration over the reluctance of the U.S. to launch air strikes against Sunni militants.

  • Nat gas inventories up 113 BCF     Thursday, 19 Jun 2014 | 10:30 AM ET

    CNBC's Jackie DeAngelis reports natural gas inventories get an injection of 113 billion cubic feet, beating expectations.

  • US flying 24/7 recon missions over Iraq: NBC     Thursday, 19 Jun 2014 | 9:17 AM ET

    CNBC's Michelle Caruso-Cabrera reports that it is becoming increasingly clear that Iraq Prime Minister Nouri al-Maliki will struggle to retain his job. Caruso-Cabrera also has the latest on the likelihood of U.S air strikes in the region.

  • Iraq's plea to Obama: Send jets to bomb militants Thursday, 19 Jun 2014 | 8:39 AM ET
    A U.S. Navy Aviation Boatswain's Mate signals to launch an F/A-18E Super Hornet aircraft from the flight deck of the aircraft carrier USS George Washington (CVN 73) in the South China Sea

    Iraqi Foreign Minister Hoshyar Zebari said American airstrikes were needed "to break the morale" of the Islamic State of Iraq and al-Sham.

  • Time for al-Maliki to go?     Thursday, 19 Jun 2014 | 8:04 AM ET

    NBC's Richard Engel reports on news that the U.S. wants Iraqi policymakers to form a new government without Prime Minister Nouri al-Maliki.