Natural gas is down nearly 10 percent so far this year. Mad Money host Jim Cramer goes off the charts with the help of technician Carley Garner's take on nat gas' next direction.» Read More
CNBC's Patti Domm sits down with CNBC Chief International Correspondent Michelle Caruso-Cabrera to discuss her recent travels to Iraq and her take on the big concerns over oil.
Here are a couple of things that could interfere with the bull run to Dow 17,000, says NYSE floor trader Kenny Polcari.
Newly elected House Majority Leader Kevin McCarthy dismissed the proposal to fund the U.S. highway system. The Fiscal Times reports.
CNBC's Jackie DeAngelis reports concerns on Iraqi's oil supply, and Libya's output is coming into play in the oil market, but prices remain supported.
LONDON, June 24- Oil edged back above $114 a barrel on Tuesday, halting its decline from a nine-month high, supported by fighting in Iraq, supply disruption in Libya and expectations of a decline in U.S. crude inventories. Violence in Iraq has not affected crude supply from southern terminals, the outlet for almost all the country's exports.
Europe needs a "single market for energy" to bolster investment and move away from its reliance on Russia, the CEO of Enel told CNBC.
Francesco Starace, CEO of Enel, says Europe has "structural issues" in its energy industry that can be resolved by creating a single market.
*Iraq exports 2.53 million bpd from southern terminals, near record. SINGAPORE, June 24- Brent crude slipped below $114 a barrel on Tuesday, as data showing near-record high oil exports from Iraq indicated supplies remained unaffected by the escalating violence at OPEC's No. 2 producer.
*Iraq exports 2.53 million bpd from southern terminals, near record. SINGAPORE, June 24- Brent crude slipped below $114 a barrel on Tuesday, as data showing near-record high oil exports from Iraq indicated supplies remained unaffected by the escalating violence at the OPEC's No. 2 producer.
HONG KONG, June 24- China's yuan was broadly unchanged on Tuesday in subdued trading, as firmer oil prices offset optimism from a survey showing stronger Chinese manufacturing activity. "Oil is trending higher and investors are waiting for more data to take a view on the currency," said a trader at a European Bank in Hong Kong.
Crude ended the session mixed, as traders watched developments in Iraq and awaited U.S. oil inventory data.
SINGAPORE June 24- U.S. crude futures fell under $106 per barrel in Asian trade on Tuesday as supply concerns eased after data showed near record exports from Iraq's southern regions, but U.S. inventories are projected to fall.
*Sunni insurgents capture three towns in Iraq's Anbar. NEW YORK, June 23- Brent crude recorded its largest one-day decline in five weeks on Monday, falling toward $114 a barrel as oil exports from Iraq remained unaffected by Islamic insurgents' continued advance on Baghdad.
As long as the Sunni insurgency remains contained in the northern part of Iraq, pressure on oil prices may start to ease soon, says Jason Feer, COO, Americas at Argus Media.
Dennis Gartman of "The Gartman Letter" says oil traders should keep a close eye on Nigeria.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Discussing how turmoil in Iraq could impact gas prices, with John Hofmeister, former president Shell Oil Company and founder and CEO of Citizens for Affordable Energy. Hofmeister says he is worried about the U.S. taking this event seriously and doing something to protect Americans from volatility and uncertainty.
Discussing oil's next move amid crisis in Iraq, with Peter Amandio, Chicago Energies President.
*Sunni insurgents capture three towns in Iraq's Anbar. *Iraq's oil exports near record rates in June. NEW YORK, June 23- Brent crude fell toward $114 on Monday, putting it on track for the largest one-day decline in more than five weeks, as concerns waned that a Sunni Islamist insurgency in Iraq would cut the country's oil exports.
CHICAGO, June 23- Despite the incendiary conflict in Iraq that last week sent the benchmark price of Brent crude oil to more than $115 a barrel, a nine-month high, U.S. stock markets largely shrugged off the oil threat, hitting record closing highs last week.