Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

Trackinsight: Energy ETFs lifted by rising fossil fuel prices

09/28/2021 | 09:30am EDT

Rising post-pandemic global demand, weather-related disruptions in the US and looming European cold winters boosted natural gas prices.

Fossil fuels, oil, gas and coal continue their ascent amid higher global demand and tighter supply. Brent Crude futures have been flirting with $80/barrel mark, a 3-year high while WTI has reached 7-year highs. Natural gas prices are also at seven-year highs in the U.S. and record highs in Europe and Asia. Coal futures surged to a fresh record high of $204.8 per metric ton in late September.

Rising post-pandemic global demand, weather-related disruptions in the US and looming European cold winters boosted natural gas prices, which eventually spilled over other fossil fuels as nations look for alternative energy sources.

The trend rippled through Energy commodity ETFs and Energy Equity ETFs. With exposure to oil, WisdomTree WTI Crude Oil ETC (CRUD) and WisdomTree Brent Crude (BRNT) gained more than 3.0% since last Friday. The United States Natural Gas Fund (UNG), which tracks in percentage the movements of natural gas prices rose by +12.33% on Monday. Energy Select Sector SPDR Fund ETF (XLE), the largest energy equity ETF with $23.8 billion in assets gained 15% between Monday and last Friday. The fund invests in S&P 500 oil, gas and consumable fuel, energy equipment and services companies. Its top holdings include Exxon Mobile Corporation (22.61%), Chevron Corporation (20.23%) and EOG Resources (4.91%). In Europe, the Lyxor STOXX Europe 600 Oil & Gas UCITS ETF (OIL), which invests in the top European Oil & Gas companies gained more than 3% this week.

Find and compare over 7,000 ETFs with our free tools:


ę www.trackinsight.com 2021
Latest news
05:42aMEDIA MAKER S P A : Maker the Board of Directors approved the financial report at 30 june 2021
PU
05:29aChina's coal shortage to ease in coming months, industry body says
RE
05:28aROCHE : family shareholders will maintain stability - vice chairman
RE
05:20aCEZ A S : Czech regulator examines energy sector supplies amid market crunch
RE
05:02aBUILDING EUROPE TOGETHER : Western Balkans' citizens contribute to the Conference on the Future of Europe
PU
04:24aPFIZER : United States Donates 1.6 Million More COVID-19 Pfizer Vaccines to Egypt This is part of more than 8 million Pfizer vaccine doses the United States is sending to Egypt
AQ
04:18aNETCETERA : ACS ensuring secure payments with American Express Middle East
BU
03:41aChina surprises U.S. with hypersonic missile test, FT reports
RE
03:22aVAXIL BIO : Signs letter of intent to acquire a 100% interest in short wave pharma inc.
PU
02:52aMINISTRY OF FINANCE OF REPUBLIC OF INDIA : Income Tax Department conducts searches on groups engaged in the business of Digital Marketing & Waste Management
PU
Latest news