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  • UPDATE 7-Oil prices spike on escalating Iraq violence Thursday, 12 Jun 2014 | 12:54 PM ET

    *Brent hits 3- month high over $112 on Iraq supply worries. NEW YORK, June 12- Brent crude oil jumped 2 percent to above $112 a barrel on Thursday on mounting concerns that escalating violence in Iraq could disrupt oil supplies from the second-largest OPEC producer.

  • CNBC's Eamon Javers discusses President Obama's view on the Iraq situation and its effects on the global supply of oil.

  • Iraq instability jolts oil prices     Thursday, 12 Jun 2014 | 12:02 PM ET

    CNBC's Michelle Caruso-Cabrera reports oil prices are escalating on fighting in Iraq.

  • American Airlines Group Inc, the world's largest carrier, tumbled 5.4 percent, while United Continental Holdings Inc 5.7 percent and Delta Air Lines Inc dropped 5 percent. Southwest Airlines Co and JetBlue Airways Corp were both down more than 4 percent.

  • NEW YORK, June 12- Crude oil prices spiked on Thursday on worries over supply as violence escalated in Iraq, while a worldwide equities gauge edged down after Wall Street opened lower.

  • Nat gas inventories up 107 BCF     Thursday, 12 Jun 2014 | 10:30 AM ET

    CNBC's Jackie DeAngelis reports natural gas inventories are up 107 billion cubic feet.

  • *Brent hits 3- month high over $112 on Iraq supply worries. LONDON, June 12- Brent crude oil climbed towards $112 a barrel on Thursday on worries that escalating violence in Iraq could disrupt oil supplies from the major OPEC exporter.

  • *Brent touches three-month high above $111 on Iraq supply worries. LONDON, June 12- Brent crude jumped more than $2 to over $112 a barrel on Thursday on worries that escalating violence in Iraq could disrupt oil supplies from the major OPEC exporter.

  • *Brent touches three-month high above $111 on Iraq supply worries. SINGAPORE, June 12- Brent futures rose above $111 a barrel on Thursday on worries that violence in Iraq could disrupt oil supplies, while a steeper-than-expected draw in U.S. oil stocks further supported prices.

  • *Brent touches 2- week high at $110.40 on Iraq supply worries. SINGAPORE, June 12- Brent futures rose above $110 a barrel on Thursday on worries that violence in Iraq could disrupt oil supplies, while an unexpected draw in U.S. oil stocks further supported prices.

  • US oil skyrockets on Iraq, ends at 2014 high Thursday, 12 Jun 2014 | 2:39 PM ET
    Damaged vehicles belonging to Iraqi security forces are seen during clashes between Iraqi security forces and al Qaeda-linked Islamic State in Iraq and the Levant (ISIL) in the northern Iraq city of Mosul, June 10, 2014.

    Sectarian violence in Iraq sent oil skyrocketing, propelling Brent and West Texas Intermediate up two percent.

  • NYMEX-US crude holds above $104 after fall in stockpiles Wednesday, 11 Jun 2014 | 7:34 PM ET

    Militants from an al Qaeda splinter group who seized Iraq's second biggest city of Mosul this week have advanced into the oil refinery town of Baiji.

  • Oil prices head higher as Iraq tensions flare Wednesday, 11 Jun 2014 | 6:28 PM ET
    Iraqi workers are seen at the Rumaila oil refinery, near the city of Basra, in 2009.

    Surging U.S. oil production was expected to send oil prices lower, but a confluence of geopolitical events could drive high prices even higher.

  • Rough time in Iraq: Howard Dean     Wednesday, 11 Jun 2014 | 4:00 PM ET

    Discussing today's down day on Wall Street and how Iraq is impacting oil prices, with CNBC contributor Howard Dean; Stephanie Link; "Fast Money" trader Brian Kelly; and CNBC's Sharon Epperson.

  • Commodities tomorrow: Palladium spikes     Wednesday, 11 Jun 2014 | 3:36 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A mixed session today, as stocks were down. Oil was up slightly on the day, as inventories were down. Gold was flat on the day, as were copper prices.

  • Iraq's impact on oil     Wednesday, 11 Jun 2014 | 2:42 PM ET

    CNBC contributor John Kilduff says oil could surge $5-$10 in short if the situation in Iraq worsens.

  • *Iraq city of Mosul falls to militants. NEW YORK, June 11- Brent oil futures rose toward $110 a barrel on Wednesday as violence in Iraq prompted worries about the supply outlook, while U.S. crude struggled to make gains near key levels of resistance.

  • Turkey calls for emergency NATO meeting on Iraq Wednesday, 11 Jun 2014 | 2:19 PM ET
    Families fleeing the violence in the Iraqi city of Mosul arrive at a checkpoint in outskirts of Arbil, in Iraq's Kurdistan region, June 10, 2014.

    Turkey has called for an emergency meeting of NATO to discuss the security situation in Iraq after militants took 80 Turkish citizens hostage.

  • Crude oil inventories down 2.6 million barrels     Wednesday, 11 Jun 2014 | 10:30 AM ET

    CNBC's Jackie DeAngelis reports crude oil inventories are down 2.6 million barrels.

  • Why higher rates could shock stocks: Blankfein Wednesday, 11 Jun 2014 | 9:54 AM ET
    Lloyd Blankfein

    Stocks are calm, but investors need to be vigilant against complacency because it can lead to upheaval in the market, Goldman Sachs CEO tells CNBC.