Add butter and marshmallows to a large microwaveable bowl. Heat the mixture in the microwave at 50% power in 30 second intervals until marshmallow are mostly melted.
Add cereal to the marshmallows and stir until cereal is coated.
Pat the treat mixture into a greased 9x13.
Microwave candy melts at 50% power in 20 second intervals until mostly melted.
Stir in candy oil.
Reheat and/or add coconut oil to return melts to a pourable consistency.
Drizzle over the Cheerios treats.
Sprinkle with cinnamon.
Cut and serve.