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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.”