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home / news releases / CRAK - An Intervention For Energy And Oil


CRAK - An Intervention For Energy And Oil

  • The Biden administration has asked the Federal Trade Commission to investigate price gouging by refiners due to high gasoline prices and refining margins.
  • Large scale drawdowns of the SPR are unlikely as the intended purpose of the SPR is to provide emergency reserves.
  • While supply discipline has held for now, we know that at some point, higher prices will cause oil capital expenditure investments to pick back up, boosting supply and potentially harming prices over the long run.

For further details see:

An Intervention For Energy And Oil
Stock Information

Company Name: VanEck Vectors Oil Refiners
Stock Symbol: CRAK
Market: NYSE

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