Boris Schlossberg, BK Asset Management, discusses the impact of Scotland's vote on the British pound and euro. Also Dan Dicker, The Street.com, shares his thoughts on oil prices.» Read More
CNBC's Jackie DeAngelis speaks with Jeff Grossman, BRG Brokerage president, about concerns to potential oil supply disruptions in Libya and Iraq.
Secretary of State John Kerry is in northern Iraq urging the leaders of the Kurdistan region to stand with Baghdad in an attempt to hold Iraq together as a country. CNBC's Michelle Caruso-Cabrera reports the latest in the crisis.
If Iraqi Prime Minister Nouri al-Maliki stays in power, expect more fighting. But a replacement will be just as telling.
NEW YORK, June 24- Brent crude resumed its upward trend, climbing above $114 a barrel on Tuesday, as it received support from fighting in Iraq, supply disruption in Libya and expectations of a decline in U.S. crude inventories.
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.