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Crude pushed higher in choppy trading as advances by Sunni insurgents in Iraq fueled concerns over a potential disruption to oil exports.
SEOUL, June 16- U.S. crude oil futures rose to a near nine-month high above $107 a barrel on Monday in Asian trade as an insurgency in Iraq intensifies concerns over a potential disruption to oil exports from the second-largest OPEC producer. On Friday, it rose as high as $107.68 before settling up 38 cents at $106.91 per barrel, the highest level since Sept. 18.
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*Jihadists push to Baghdad; Obama rules out ground troops. NEW YORK, June 13- Crude oil prices rose to new nine-month highs on Friday as concerns persisted that an insurgency in Iraq could disrupt oil exports from the second-largest OPEC producer.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. The Fed meets next week. Housing numbers come in, as do earnings. And New York State regulators will take comments regarding the merger between Comcast and Time Warner.
David Gordon, Eurasia Group chairman, weighs in on the crisis in Iraq and where he thinks the conflict is headed. Gordon says there is no good outcome and the best case scenario is that al-Maliki "gets it" and cuts a better deal with the Sunnis.
CNBC's Michelle Caruso-Cabrera reports the Iraqi government is recruiting more men to replace those who abandoned their positions earlier in the week.
Take Iraq's oil out of the marketplace, and crude prices will go way higher than they are now, T. Boone Pickens told CNBC on Friday.
Steve Auth, Federated Investors, shares 3 interesting things happening for equities. Scott Wren, Wells Fargo Advisors, provides perspective on the oil market.
With uncertainties in Iraq, T. Boone Pickens, BP Capital Management founder, discusses the impact on the U.S. economy and shares a plan for U.S energy independence.
CNBC's Jane Wells reports the amount of recoverable oil from the Monterey shale shaft is much smaller than originally thought. CNBC contributor Ron Insana provides insight.
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The International Energy Agency report forecasts a jump in global oil demand, which affects both oil and gasoline prices. USA Today reports.
CNBC's Michelle Caruso-Cabrera provides an update on the crisis in Iraq. Caruso-Cabrera says Iraqi citizens are fleeing for fear of U.S. air strikes.
CNBC's Michelle Caruso-Cabrera provides insight to the crisis in Iraq. "We are watching the lines of the Middle East be redrawn right now," says Caruso-Cabrera.
The Ukrainian prime minister ordered the energy sector to prepare for Russian gas cuts after Moscow and Kiev failed to resolve a gas price conflict.
Amrita Sen, chief oil analyst at Energy Aspects, says the oil price rally is due to the fear of reduced production in Iraq rather than an actual loss of production.
*IEA plays down risk of sudden Iraq export hit. LONDON, June 13- Brent crude edged further above $113 a barrel on Friday, up about $4 since the start of the week, on concerns that an insurgency in Iraq could trigger civil war and eventually hit oil exports. "The market in general is trying to assess the risks on Iraq.
Discussing the immediate threat to U.S. oil supplies, with Charles T. Maxwell, American DG Energy chairman. Maxwell says the likelihood of a complete stop of oil development in Iraq is becoming greater every day.