As a sector, energy has been one of the dominant corners of the market in 2026, and in some respects it all comes down to a handful of factors: supply disruption, refining margins, and a seismic shift in geopolitics with the advent and continuation of the Iran war. Regardless of whether this conflict is resolved this year, it's likely that the global oil market will continue to feel the impacts for a long time because of massive disruptions to pumping stations and pipelines in the Middle East, as well as how the major players in energy realign and shift their priorities.
The VanEck Oil Refiners ETF is rated a speculative Buy, benefiting from record diesel crack spreads and tight global refining capacity. CRAK trades at only 9.1x trailing earnings despite a 79% one-year rally, with trailing results not yet reflecting the full margin environment. Portfolio diversification reduces single-company and regulatory risks, but CRAK is not a pure U.S. diesel play and carries international exposures.
CRAK climbs to a fresh 52-week high as renewed geopolitical tensions in the Middle East drive oil prices higher.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 100 | $4,940 | $6,815 | $1,875 | 37.96% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 52,763 | $2.27M | $3.55M | $1.28M | 56.25% |
| SAS Stephane Astruc/ Salomon Sebban J. Safra Sarasin Holding AG | 21,796 | $1.08M | $1.47M | $390,257.78 | 36.24% |
Craig Kurth PCG Wealth Advisors LLC | 6,987 | $343,208.96 | $468,757.83 | $125,548.87 | 36.58% |
Loyd Stegent Stegent Equity Advisors Inc. | 11,450 | $725,243 | $767,951.5 | $42,708.5 | 5.89% |
| ARCA Exchange | US Country |
The fund primarily focuses on investing a minimum of 80% of its total assets in securities that form part of its benchmark index, which predominantly includes equity securities and depositary receipts of companies operating within the global oil refining sector. This index is specifically designed to track the performance of companies actively engaged in crude oil refining, requiring that these companies derive at least 50% of their revenues from this sector. It is important to note that the fund is non-diversified, meaning it may invest more heavily in a smaller number of companies or sectors, potentially increasing its risk and return volatility.