U.S. oil futures closed below the psychologically important $50 level—possibly signaling more declines to come and a retest of the March lows.» Read More
While oil prices may not hit $140 a barrel, instability in Iraq will definitely set prices on an uptrend, says Nariman Behravesh, Chief Economist at IHS.
John Kingston, Global Director of News, Platts, says the advancement of Sunni rebels into the city of Tikrit won't impact oil prices as pipelines in that area have been closed since March.
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.
CNBC contributor John Kilduff says oil could surge $5-$10 in short if the situation in Iraq worsens.
Abdul Kareem Luaibi, Iraqui oil minister, says that the Iraqui government is taking "very strong action" to deal with violence in the north but that the violence is no threat to oil supply.
Jay Richards, Commodity Analyst at Just Spreads, says oil traders have factored in the takeover of Mosul in light of long-standing conflicts between rival parties.
CNBC's Jackie DeAngelis explains how political instability in Iraq is impacting oil supply and prices.
Iraqi engineers are fixing the main oil pipeline to Turkey after it was shut for nearly three months in attacks by an al Qaeda cell.
Some wonder whether Wall Street and Big Oil are to blame for the high price of gasoline. The answer is yes...and no.
As the summer driving season looms, U.S. retail gas remains stubbornly lodged near $4 per gallon.
The crisis in Ukraine is a reminder that the world is unstable, and oil companies must drill in those places nonetheless.
"The oil market right now is probably as dicey as I've seen it my career," former energy portfolio manager Nick Tiller says.
In the midst of an $8 billion growth spurt, Sheraton will open a record 38 newly constructed hotels in the next 12 months, including several in Iraq.
Proposed military budget cuts proposed by the Pentagon last week may be far from what Congress finally agrees on.
CNBC.com's Ted Kemp talks about how the loss of Fallujah to rebels impacts American who fought there.
Secretary of State John Kerry is in Geneva talking a potential deal with Iran over its nuclear program for some oil sanctions. Helima Croft, Barclays, weighs in on where crude will go next, and oil production in Iraq.
In an exclusive interview, Iraq's Ambassador to France, HE Fareed Yasseen, tells CNBC what the Iraqi government is doing to make the country more business friendly. Plus, how close Iraq is to fulfilling its energy potential.
Majid Jafar, CEO of Crescent Petroleum, tells CNBC why regional firms, not international conglomerates, have the know-how to navigate in Iraq.
The President of the US Business Council in Iraq, Hussain Qaragholi, tells CNBC what international firms face in-country. Plus, how security costs can impact your bottom line.
President Obama on Tuesday night will address a nation solidly opposed to using military force against Syria, according to a new poll.