iShares US Oil & Gas Exploration & Production ETF

IEO

Market cap $595M

Oil prices fell in early trade on Friday on optimism the Middle East conflict could be nearing ​an end after a 10-day ceasefire between Lebanon and Israel ‌took effect and President Donald Trump said the U.S. and Iran may meet for talks on the weekend.

Oil prices fell after Trump announced a ceasefire between Israel and Lebanon. The truce raised hopes for broader peace talks across the region.

Oil fell in early Asian trade amid signs of a potential U.S.-Iran deal that could ease supply disruptions in the Middle East.

Oil prices crept closer to $100 a barrel on Thursday as tanker traffic through the Hormuz Strait remained restricted. President Donald Trump told reporters Thursday that the U.S. and Iran will “probably” meet over the weekend for another round of negotiations.

U.S. Interior Secretary Doug Burgum discusses President Donald Trump's Strait of Hormuz tanker blockade, Iran peace talks, and oil volatility on 'Mornings with Maria.' #foxbusiness #morningswithmaria 0:00 Intro & Current Oil Prices 0:32 President Trump on Oil Prices & Strait of Hormuz Blockade 1:49 Doug Burgum on Trump's Energy Dominance Policy & Record Production 3:13 Outlook for $3 Gas & Northeast Pipeline Project 6:29 Streamlining Permitting, Regulations & US Energy Revenue 8:46 Marine Minerals Administration & Critical Resources

The crude oil markets continue to see a bit of noise in general, but so far, the Thursday session is quiet for once.

Why did Fed rate cut odds collapse from 43% back to 14% in five days? March CPI hit 3.3% with energy up 10.9%, oil reversed back toward $100, and the FOMC minutes signaled patience.

There are two oil markets. Your financial adviser — bless his expensive haircut — only knows about the fake one.

WTI Crude stabilizes at $92 as traders weigh Strait of Hormuz risks against a strengthening inventory build. Discover if $91 support holds or if $87 is the next stop.

Elevated oil prices no longer seem to be an issue for the U.S. stock market, but that could change.