China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease
Published . Updated .
This report is about refining and oil.
Directly affected
- No company is named in this report.
Indirectly affected
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story.
- XLE Energy Select Sector SPDR+6.5% 30d
Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story.
- USO United States Oil Fund+4.8% 30d
United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+54.8% 19d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- AFK VanEck Africa Index ETF-13.5% 6d
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“africa”).
- EWZ iShares MSCI Brazil ETF-8.5% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Africa.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.1% 11d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Africa
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CRAKNo price data for this ticker | — | — | — | — | — | — | — |
| XLENo price data for this ticker | — | — | — | — | — | — | — |
| USONo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| AFKNo price data for this ticker | — | — | — | — | — | — | — |
| EWZNo price data for this ticker | — | — | — | — | — | — | — |
| CEWNo price data for this ticker | — | — | — | — | — | — | — |
| EMBNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease Crude Oil Prices Today | OilPrice.com
Who gains and who loses around Vaneck Etf Trust (CRAK)
Companies mentioned with this story
- CRAK Vaneck Etf Trust
For “China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story
- XLE Select Sector Spdr Tr
For “China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story
- USO United States Oil Fund
For “China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story
- BWET Amplify Commodity Trust
For “China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
- AFK Vaneck Etf Trust
For “China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease,” Vaneck Etf Trust (AFK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“africa”)
- EWZ Ishares Msci Brazil Etf
In “China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease,” Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)
- CEW Wisdomtree Tr
In “China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease,” Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence. Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Africa
- EMB Ishares Tr
Ishares Tr (EMB) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease.” Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Africa
Vaneck Etf Trust (CRAK) and the energy link
Vaneck Etf Trust (CRAK) is the company in “China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease,” the 28 Oct 2026 Energy story.
For Vaneck Etf Trust (CRAK), the reason on file says VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story
Dates and price levels for Vaneck Etf Trust (CRAK)
USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 163.62. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.23.
A simple score for Vaneck Etf Trust (CRAK)
46 out of 100
“China's Refiners Turn to Africa and Brazil Crude as Freight Rates Ease” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.