VanEck Vectors Unconvnt Oil & Gas ETF (FRAK)
NYSEArca - NYSEArca Real Time Price. Currency in USD
- ETF.com•last month
After a strong five-month rally that saw prices nearly double off their lows, oil hit a bit of a road bump in July. Analysts point to a glut of crude oil and gasoline in storage tanks in the United States and elsewhere as the cause of the decline. As of last week, crude stockpiles in the U.S. were 62 million barrels, or 13.3% above the year-ago level, while gasoline stockpiles were 26 million barrels, or 11.8% above the year-ago level, according to the Energy Information Administration.
- ETF.com•2 months ago
$51.23 : That's the highest closing price for West Texas Intermediate crude oil futures contracts this year, which was registered on June 8. Since then, prices for crude oil have fallen back modestly to last trade around $49. Is this a minor pullback or the start of a larger downtrend for oil prices? YTD Oil Prices