CRAK
VanEck Vectors Oil Refiners ETF [CRAK] Stock Forecast
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CRAK
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In the News
Oil to Touch $100 Soon? Sector ETFs to Benefit/Lose
Oil futures touched a fresh 2023 high on Wednesday. Oil prices may hit $100/bbl soon.
Oil to Hit $100 Soon? Sector ETFs to Benefit/Lose
Oil analysts forecast a sustain rally in the liquid commodity price may lead it to the $100-level by the end of this year.
Refiner Stocks Surge on Diesel Price Spike
Refineries are benefiting from a shift in crude exports. Both Saudi Arabia and Russia have cut their oil production---to prop up oil prices.
Natural Resources and Commodities: Invest Resourcefully
The rationale for investing in natural resource equities and commodities has stayed consistent: to enhance portfolio diversification, access global growth and hedge against inflation. The sharp economic recovery from the depths of the pandemic coupled with continually evolving expectations in terms of future impact have recast the spotlight on natural resources and commodities.
CRAK: Buy Refiners On Potential Chinese Stimulus
The CRAK ETF provides exposure to a portfolio of global refiners. A large gulf-coast refinery has been taken offline, tightening fuel markets. Tighter supply combined with expectations of Chinese stimulus could propel refiner stocks in the 2nd half of 2023.
CRAK: Lower Supply And Demand For Crude Aren't Great For Spreads
CRAK is too tough to call, there are plenty of good reasons to see declines in the sector, and multiples are pricing in lots of problems. Crude prices get to stay higher because of exogenous supply cuts, but that's not happening in refining besides market-driven run-cuts while markets get used to Ukraine.
Oil Under Pressure: Sector ETFs to Benefit/Lose
Oil prices staged massive decline this week due to demand concerns owing to global growth slowdown.
Sector ETFs to Benefit/Lose on Surprise OPEC+ Output Cut
Oil prices increased considerably lately on surprise OPEC+ output cut.
What Lies Ahead for Oil & Energy ETFs in the Medium Term?
Optimism in the oil space due to China's economic recovery may be marred by the latest global banking crisis and the resultant recessionary fears. However, prolonged under-investment in the space may keep the supply tight.
Spreads Could Help CRAK Keep Rocking
With energy ranking as the best-performing sector in the S&P 500 this year, it's not surprising that exploration and production, integrated oil, and oil services stocks and the related exchange traded funds are drawing ample adulation in the investment community.
CRAK Financial details
CRAK Financial Performance
CRAK Frequently Asked Questions
What is VanEck Vectors Oil Refiners ETF stock symbol ?
VanEck Vectors Oil Refiners ETF is a US stock and trading under the symbol CRAK
What is VanEck Vectors Oil Refiners ETF stock quote today ?
VanEck Vectors Oil Refiners ETF stock price is $34.57 today.
Is VanEck Vectors Oil Refiners ETF stock public?
Yes, VanEck Vectors Oil Refiners ETF is a publicly traded company.
Company Profile
- Volume Average 9.96K
- Headquarters US
- IPO Date 2015-08-20
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes equity securities and depositary receipts of companies in the global oil refining segment. To be initially eligible for the Oil Refiners Index, companies must generate at least 50% of their revenues from crude oil refining. Products of these companies may include gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals. The fund is non-diversified.
