Iraq

Brent crude oil continued to tumble on Wednesday as Libya reopened its El Sharara oilfield. The commodity traded at $108.44 at 8:40 GMT as supply concerns eased. CNBC reported that Libya’s National Oil Corp announced that the El Sharara oilfield had reopened after four months of being...

Brent crude oil fell below $110 on Tuesday as supply worries eased and investors turned their attention to demand. The commodity traded at $109.98 at 6:10 GMT, near a one month low as tension about both Iraq and Libya eased. The conflict in Iraq showed no signs of letting up as the nation’s...

U.S. stocks were higher as the back-end of 2014 kicked off. The Dow came within less than two points of reaching the 17,000 mark as investors and traders found plenty of positives in a better-than-expected June auto sales and an expansion in U.S. manufacturing. The S&P 500 also traded at...

Brent crude oil looked poised to fall below $113 and post its largest weekly loss in almost six months. The commodity traded at $113.05 at 7:45 GMT on Friday morning as concerns about a supply interruption in Iraq eased. Iraq’s southern oilfields, which produce the majority of the nation...

The euro was steady at $1.3608 at 5:47 GMT on Wednesday morning despite further data from the region which indicated that the economy was struggling. Instead, the common currency found momentum from a testimony by Bank of England chief Mark Carney on Tuesday. Carney told UK lawmakers that the...

Brent crude oil made its way back above $114 on Wednesday as worries about the conflict in Iraq grew. The commodity traded at $114.23 a 6:10 GMT as Iraq's largest refinery remained at the center of a battle between Sunni insurgents and Iraqi forces. The two sides have been fighting for...

Brent crude oil eased back towards $113 on Tuesday as worries about a supply interruption in Iraq subsided. The commodity traded at $113.95 at 6:42 GMT as geopolitical tension around the world looked to be easing. Clashes between fighters from the Islamic State in Iraq and the Levant, or ISIS,...

Brent crude oil continued to climb as the week began and traded at $115.20 at 5:22 GMT on Monday morning, near a nine month high. The commodity was supported by the worsening crisis in Iraq, where the nation's oil supplies looked to be under direct threat. The conflict in Iraq seemed to be...

Brent crude oil approached a nine month high as fighting in Iraq continued to threaten the nation's supplies. The commodity traded at $114.50 at 8:20 GMT as investors kept an eye out for any new developments in the unfolding crisis. Foreign companies have evacuated their workers from Iraqi...

U.S. stocks rose as investors and traders digested comments from the Federal Reserve. The Federal Reserve Open Committee announced that it will further taper its asset purchases by another $10 billion. The Fed is now committing towards purchasing $35 billion of assets per month. The Fed also...

The recent conflict in Iraq between insurgents and military powers has yet to result in wide-spread panic for the majority of financial markets.  Despite mild volatility last week, the majority of domestic indices are still within a small margin of their all-time highs. However, the same...

Last week the bears did just enough to remind the bulls that it's not a straight shot to the moon this year. On Thursday, the bears got more help in the form of a new source of scary headlines--the Iraq situation. Iraq is a legitimate threat with global repercussions. The fighting has the...

The International Energy Agency published its oil market report for August, recapping recent oil action and revising 2014 demand down. The agency expects demand of 29.8 million barrels per day for 2014, up 1.1 million from 2013, but lower than their original expectations. The elevated 2014...