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June 13, 2014, 12:45 p.m. EDT
[h=1]Oil nears $107 on Nymex, up over 4% on the week[/h] [h=2]Iraq violence feeds supply concerns, lifts Brent crude[/h]

By Myra P. Saefong and William L. Watts, MarketWatch

SAN FRANCISCO (MarketWatch) — Oil futures climbed on Friday, with the U .S. benchmark holding ground around a nine-month high and ready to score a weekly gain of roughly 4% in the wake of continued violence in Iraq.
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Oil nears $107 on Nymex, up over 4% on the week - Futures Movers - MarketWatch
 
:eek:
June 18, 2014, 8:51 a.m. EDT

[h=1]Crude oil edges toward $107 after Iraq refinery attacked[/h] [h=2]Militants may have 75% control of the oil facility[/h]http://www.marketwatch.com/story/crude-oil-pushes-toward-107-after-iraq-refinery-attacked-2014-06-18
 
EIA Petroleum Status Report
Economic Calendar - Bloomberg
[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		PriorActual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 6/18/2014 10:30:00 AM For wk6/13, 2014 [/TD]

[TD="class: actual_consensus_box_numbers"]-2.6 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -0.6 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]1.7 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 0.8 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]0.9 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 0.4 M barrels [/TD]
[/TD]
[/TR]
[/TABLE]
 
Oil Hits 9-Month High Above $115 A Barrel on Iraq Conflict

by Reuters
|
Lorenzo Ligato
|
Thursday, June 19, 2014

NEW YORK, June 19 (Reuters) - Brent crude hit a nine-month high of more than $115 a barrel on Thursday as the United States said it could send military advisers to Iraq, raising concerns about the escalating conflict.
Government forces continued to battle Sunni militants for control of Iraq's biggest refinery as U.S. President Barack Obama said the United States will send up to 300 military advisers to Iraq to combat the extremist insurgency.
The Baiji refinery near Tikrit, 200 km (130 miles) north of the Iraqi capital, remained under siege as troops loyal to the Shi'ite-led government held off insurgents from the Islamic State of Iraq and the Levant and its allies who stormed the perimeter, threatening national energy supplies.
If the 300,000 barrels per day refinery stays closed, Baghdad will need to import more oil products to meet its own domestic consumption, further tightening oil markets.
Brent rose 75 cents to $115.01 a barrel to settle at its highest since Sept. 9. It had reached a high of $115.71 earlier in the session.
The U.S. crude oil futures contract for July, which expires on Friday, rose 46 cents to settle at $106.43. The price is now pushing toward a key resistance area at $106.75, according to Dwayne Pliska, a senior trading consultant at High Ground in Chicago, Illinois.
- See more at: RIGZONE - Oil Hits 9-Month High Above $115 A Barrel on Iraq Conflict
 
US Senate Panel Advances Bill To Force Keystone Pipeline Approval

by Reuters
|
Ros Krasny
|
Wednesday, June 18, 2014

WASHINGTON, June 18 (Reuters) - The U.S. Senate Energy Committee advanced a bill on Wednesday that would force congressional approval of TransCanada's proposed Keystone XL oil pipeline project, but the measure seems unlikely to be taken up by the full Senate.
The bill, the latest effort by lawmakers to breathe life into the long-delayed pipeline from Canada to the U.S. Gulf Coast, will languish without a commitment from Senate Majority Leader Harry Reid to bring it to a vote.
The measure, from Democratic Senator Mary Landrieu of Louisiana and Republican Senators John Hoeven of North Dakota and Lisa Murkowski of Alaska, would take a decision on approving the pipeline away from the Obama administration.
Republican Senator John Barrasso of Wyoming termed Wednesday's vote "a cheerleading exercise" but still voted in favor of the bill, part of a 12-10 majority on the panel.
Another measure from Hoeven to approve the pipeline has 55 cosponsors but has not been put to a vote in the 100-member Senate. Support is just short of the level that would be needed to overcome an expected veto from President Barack Obama.
- See more at: RIGZONE - US Senate Panel Advances Bill To Force Keystone Pipeline Approval
 
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