IEO Oil ETF Future Outlook
test
iShares U.S. Oil & Gas Exploration & Production ETF ( IEO )
As the name suggests, this ETF holds oil and gas companies specifically focused on exploration and production. It counts ConocoPhillips (COP), Marathon Petroleum ( MPC ) and EOG Resources ( EOG ) among its 10 largest holdings (out of 100). Right now, the IEO is the dog’s dinner – down 53% year to date. However, when oil prices were on the rise from 2016-2018, up 79%. When oil prices get going again, so will this oil ETF .
iShares U.S. Oil & Gas Exploration & Production ETF ( IEO )
As the name suggests, this ETF holds oil and gas companies specifically focused on exploration and production. It counts ConocoPhillips (COP), Marathon Petroleum ( MPC ) and EOG Resources ( EOG ) among its 10 largest holdings (out of 100). Right now, the IEO is the dog’s dinner – down 53% year to date. However, when oil prices were on the rise from 2016-2018, up 79%. When oil prices get going again, so will this oil ETF .
Trade closed: target reached
