|Bid||20.50 x 800|
|Ask||22.40 x 1000|
|Day's Range||21.04 - 21.37|
|52 Week Range||13.80 - 30.84|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-27.20%|
|Beta (5Y Monthly)||1.48|
|Expense Ratio (net)||0.60%|
Easing trade feud, extensive policy relaxations in major developed and emerging economies, less ambiguity surrounding Brexit, lower OPEC output and falling U.S. rigs should bump up oil prices in 2020.
The VanEck Vectors Oil Refiners ETF (CRAK) is up almost 10% this year, a solid performance relative to other energy ETFs. CRAK can build on those gains if some of its marquee components meet or exceed Wall Street expectations. CRAK tracks the MVIS Global Oil Refiners Index.
October has been kind to the U.S. stock market thanks to U.S.-China trade progress, better-than-expected corporate earnings and a third Fed rate cut.
VanEck Vectors Oil Refiners ETF (CRAK) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Oil Refiners Index, explains Crista Huff, growth and income expert and editor of Cabot Undervalued Stocks Advisor.
The energy sector is struggling this year. In fact, it's the worst-performing group in the S&P 500, but there are pockets of opportunity within the group, including the VanEck Vectors Oil Refiners ETF (CRAK) . CRAK tracks the MVIS Global Oil Refiners Index.
Energy stocks, largely abandoned by investors this year even as oil prices have bounced back from their lows, finally could be set for a rebound. While the SPDR Energy Select Sector Fund (XLE) is down more than 1% on the year compared to the more than 16% gain of the S&P 500, Dubravko Lakos-Bujas, JPMorgan Chase & Co.’s (JPM) chief U.S. equity strategist, recently laid out five major reasons why oil and gas stocks were ready to surge, according to Business Insider. One of the surprising things this year has been the failure of energy stocks to rally along with the price of oil.
Oil ETFs surged upwards of 10 percent Monday after attacks on Saudi oil production facilities Saturday knocked out 5.7 million barrels of daily production.
Energy ETFs have been drubbed this month, but the VanEck Vectors Oil Refiners ETF (NYSEArca: CRAK) is one name from the group that has near-term rebound potential. CRAK tracks the MVIS Global Oil Refiners ...
Equity-based energy sector ETFs have recently struggled, but funds with more focused objectives can offer investors several different paths to gain exposure to a recovery. Investors expecting oil or gas prices to rally might want to consider adding exposure to upstream companies involved in exploration and production, as offered by VanEck Vectors Unconventional Oil & Gas ETF (FRAK) , whereas those who believe crude oil prices may fall or that demand for refined products will rise might consider exposure to downstream refiners and marketing companies, such as VanEck Vectors Oil Refiners ETF (CRAK) . There are benefits to that scenario, but it also exposes the domestic energy patch to trade volatility, such as the tensions seen between the U.S. and China earlier this year.