Consumer discretionary stocks and crude oil have been trading the way they normally do when OPEC is about to cut production.» Read More
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.
What if Mexico, the U.S. and Canada put their energy resources into one basket? CNBC contributor Ron Insana, says if combined, the resources of these partners could easily change the dynamics of world oil markets.
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.
The military conflict in Iraq will send oil higher, even as the U.S. experiences an oil boom, Jim Cramer said Friday.
CNBC's Michelle Caruso-Cabrera provides an update on the crisis in Iraq, and how the unrest is sending oil prices higher. Secretary of State John Kerry said he "anticipates timely decisions from the president" in regards to the challenges there.
The deteriorating situation in Iraq "might play out for quite some time," but U.S. stocks should be able to weather the storm, Gabelli Funds' Howard Ward tells CNBC.
Gen. Barry McCaffrey, McCaffrey Associates, discusses what options the U.S. military has in assisting the Iraqi government. McCaffrey says this is a disaster and U.S. air power is not going to make a difference.
ISIS militants have seized Mosul and Tikirt and are vowing to topple Baghdad. NBC's Richard Engel reports militants have begun to impose hard line Islamic Sharia law.