US4642888444 - ETF
ISHARES U.S. OIL EQUIPMENT &
NYSEARCA:IEZ (4/25/2024, 3:10:02 PM)
22.95
+0.08 (+0.35%)
The iShares U.S. Oil Equipment and Services ETF seeks to track the investment results of an index composed of U.S. equities in the oil equipment and services sector. The Fund seeks investment results that correspond generally to the price and yield performance to the Dow Jones U.S. Select Oil Equipment and Services Index.
ISHARES U.S. OIL EQUIPMENT &
Shale producers in the U.S. plan to continue to hold back drilling despite rising oil prices, attributing their caution to President Biden's "war" on fossil fuel.
Crude oil experienced its best quarterly gain since start of Ukraine war, but analysts predict the rally won't last as high prices impact demand.
U.S. crude oil futures surge to new highs for the year on larger than expected drop in domestic inventories.
U.S. crude oil prices climbed to fresh three-month highs and posted their best monthly gains in a year and a half, supported by tightening global supply and rising demand.
Oil and gas stocks failed to maintain initial gains after Saudi Arabia pledged to cut oil production by an additional 1M bbl/day and OPEC+ agreed to extend their current production targets.
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