iShares US Oil & Gas Exploration & Production ETF

IEO

Market cap $550M

OPEC+ oil-producing countries will likely agree a ‌further hike in their output target for July when they meet on Sunday, three sources said, though the Iran war has so far prevented several from delivering previous increases.

Crude oil markets continue to look for momentum on Monday, as we are at the bottom of a massive consolidation range in both grades. Headlines continue to be a major driver of where we are going again.

Iran said its next military response will be "completely different."

West Texas Intermediate and Brent crude's front month contracts both climbed a as hopes for a peace deal became clouded again.

U.S. gasoline inventories aren't at record lows, but they are falling fast.

Brent crude and WTI prices were rising after an exchange of strikes between the U.S. and Iran over the weekend.

U.S. stock futures pointed to an extension of May's record-setting rally, even as oil prices rose after the U.S. and Iran exchanged a fresh round of strikes.

With geopolitical risk premium largely removed, oil benchmarks found support inside ascending channels while natural gas delivered a powerful move. WTI defended $90.29 with higher lows, Brent bounced off channel floor, and NatGas broke higher targeting $3.473.

Oil prices climbed as Israel expanded its military push in Lebanon. The development comes despite a ceasefire that was declared in April.

il rises amid few signs of the reopening of the Strait of Hormuz.