iShares US Oil & Gas Exploration & Production ETF

IEO

Valor de mercado US$ 855 mi

Oil markets rally as traders bet on a new round of war between U.S. and Iran.

U.S. crude oil prices rose sharply Friday as Iran escalated its attacks in the Strait of Hormuz this week.

Oil prices were low as concerns eased in the Middle East over supply disruptions. This is after the Houthi attacks on Saudi Arabia did not cause any interruptions that markets had feared.

The United States has issued a request for proposal ​for an exchange of up to ‌17 million barrels of crude oil from the nation's Strategic Petroleum Reserve, the Department ​of Energy said on Friday.

Diesel prices remain stubbornly high as inventories sit near historically low levels, despite efforts to ease pressure on refined-fuel markets.

WTI finds support near $95 after an 8.6 million-barrel crude draw, while Brent approaches $110 resistance amid tightening on-land inventories.

Natural gas and oil forecast: an 8.6M-barrel EIA crude draw and Hormuz tensions support WTI above $95.19, with $98.23 the key breakout; NG eyes $3.16.

Traders weighed International Energy Agency plans to accelerate emergency oil-stock releases against persistent Middle East supply risks and uncertainty over shipping through the Strait of Hormuz.

Oil fell in early trade, weighed down by the International Energy Agency's announcement to release crude oil and diesel fuel.

Oil prices edged down on Friday morning as investors weighed Middle East risks and possible US steps to ease restrictions ​on the world's "shadow fleet" of tankers.