- With U.S. and Iraqi oil output rising, and Iran possibly being allowed to export more oil next year, OPEC is divided about which member countries should trim production to offset the increase in crude supply.
- The rift has emerged ahead of a meeting of the cartel in Vienna on Wednesday, when the group isn't expected to decide to lower output even though it projects that demand for its oil will slip 300,000 bpd in 2014. OPEC has maintained an overall limit of 30M bpd for two years.
- Iraq is on course to produce 3M bpd this year, the most for at least 20 years, while Iran's exports could rise if diplomatic progress is made over its nuclear program.
- ETFs: USO, OIL, UCO, SCO, DBO, BNO, DTO, CRUD, USL, DBE, RJN, DNO, SZO, UWTI, OILZ, DWTI, OLO, UOIL, JJE, RGRE, ONG, DOIL, OLEM, TWTI, UBN
From other sites
at CNBC.com (Jan 13, 2015)
at CNBC.com (Dec 11, 2014)
Video at CNBC.com (Dec 10, 2014)
at CNBC.com (Dec 10, 2014)
at CNBC.com (Dec 5, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs