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U.S. weighs options to combat Islamic State

  • The U.S. has indicated it will be expanding its international campaign to combat extremists of the Islamic State, and will likely extend its fight from Iraq into neighboring Syria.
  • The Obama administration has outlined several different fronts to combat ISIS, including continued airstrikes, support for the new Iraqi central government and influencing Persian Gulf states to halt funding their citizens may be providing the extremist forces.
  • ISIS is well-funded by its many criminal activities and seizure of numerous oil fields. The latter has caused trouble in crude markets, causing many unauthorized oil purchases and the indirect funding of the extremist militant group.
  • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, GULF, CRUD, USL, MES, UWTI, DWTI, DNO, SZO, OLO, OLEM, TWTI
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