Global oil refiners will suffer a “soft patch” next year as new capacity in Mexico, Africa and the Middle East boosts fuel supply, according to Vitol Group’s Head of Research Giovanni Serio.
Proficio Capital Partners LLC lifted its holdings in shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK – Free Report) by 2,585.0% during the 1st quarter, Holdings Channel reports. The firm owned 2,016,821 shares of the company’s stock after purchasing an additional 1,941,706 shares during the quarter. Proficio Capital Partners LLC owned about 1.68% of VanEck Oil […]
Proficio Capital Partners LLC grew its stake in shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK – Free Report) by 2,585.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,016,821 shares of the company’s stock after buying an additional 1,941,706 shares during […]
Scotia Capital Inc. lifted its stake in shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Rating) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,750 shares of the company’s stock after purchasing an additional 2,231 shares during the quarter. […]
CRAK the Oil Code with This VanEck ETF March 12, 2021
Getting exposure to the current rally in oil prices could be as easy as seeking a pure oil play. But investors can also opt to refine their choices further with ETFs like the
(CRAK). As the global economy continues the healing process, oil refiners could prosper.
“In 2021, the impact of seasonality on gasoline prices could be dramatic,” an Oil & Gas 360 article noted. “Last year, the global pandemic caused unprecedented demand destruction in the energy sector. As vaccines create herd immunity to the virus, people will get back in their cars, on planes, and other modes of transport that they avoided throughout 2020 and early 2021. Oil and oil product prices have been rising on rising demand for fuels and optimism over a continuation of higher requirements.”