Oil prices were mixed Friday as the United States and Iran are expected to hold direct talks in Pakistan. International benchmark Brent crude futures closed little changed at $105.33 per barrel, while West Texas Intermediate futures lost more than 1% to $94.

Oil hasn't surged to $200 like some, including Trump, had expected. Business Insider spoke to energy market pros about what's kept a lid on prices.

SLB and Halliburton both said this week they expect crude prices to remain higher for longer. That will have immediate implications for a host of products — none as scrutinized as gasoline.

Oil futures end the week higher on disappointment that the Strait of Hormuz hasn’t reopened. Gains are capped by cautious optimism as U.S. and Iranian officials head to Islamabad for more talks after planned meetings were postponed earlier in the week.

Energy experts have been warning oil futures have been totally disconnected from the reality that exists in the physical market, but a reckoning is unavoidable and imminent, according to a top oil analyst.

A surge for Intel following a blowout profit report led the U.S. stock market to more records Friday, while oil prices kept yo-yoing in the wait for what’s next with the Iran war. The S&P 500 climbed 0.

JPMorgan says oil prices are not reflecting reality, and demand destruction and higher U.S. pump prices are inevitable.

Oil rose for a fifth-straight day as the Strait of Hormuz remained shuttered and neither the U.S. nor Iran signaled a return to peace talks in the near term.