Chinese refiners buy Iraqi, West African crude for December arrival, traders say
Published . Updated .
Covered by 2 outlets: CNBC Africa, TradingView.
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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+8.9% 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+8.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “crude” (tanker shipping) in this story.
- AFK VanEck Africa Index ETF
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“african”).
- FXI iShares China Large-Cap ETF-5.1% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“chinese”).
- XOM ExxonMobil Holdings+6.2% 16d
ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story.
- CVX Chevron+12.5% 30d
Chevron (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CRAK | +1.98% | +0.61% | base | after close | after close | after close | after close |
| XLE | +1.44% | +2.16% | base | after close | after close | after close | after close |
| USO | +4.37% | +7.30% | base | after close | after close | after close | after close |
| BWET | -1.54% | +2.86% | base | after close | after close | after close | after close |
| AFK | +2.14% | +2.55% | base | after close | after close | after close | after close |
| FXI | -2.20% | -1.54% | base | after close | after close | after close | after close |
| XOM | +0.06% | +1.89% | base | after close | after close | after close | after close |
| CVX | +0.19% | +1.58% | base | after close | after close | after close | after close |
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.
Chinese refiners buy Iraqi, West African crude for December arrival, traders say CNBC Africa
Source: CNBC Africa
Price since this story was published: Vaneck Etf Trust (CRAK)
| Company | When | Move | Status |
|---|---|---|---|
| Vaneck Etf Trust (AFK) | three days earlier | +2.55% | final price |
| Vaneck Etf Trust (AFK) | five days earlier | +2.14% | final price |
| Amplify Commodity Trust (BWET) | three days earlier | +2.86% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -1.54% | final price |
| Vaneck Etf Trust (CRAK) | three days earlier | +0.61% | final price |
| Vaneck Etf Trust (CRAK) | five days earlier | +1.98% | final price |
| CVX | three days earlier | +1.58% | final price |
| CVX | five days earlier | +0.19% | final price |
| Ishares China Large-Cap Etf (FXI) | three days earlier | -1.54% | final price |
| Ishares China Large-Cap Etf (FXI) | five days earlier | -2.20% | final price |
| United States Oil Fund (USO) | three days earlier | +7.30% | final price |
| United States Oil Fund (USO) | five days earlier | +4.37% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +2.16% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +1.44% | final price |
| XOM | three days earlier | +1.89% | final price |
| XOM | five days earlier | +0.06% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 20 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 64 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 20 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 41 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 62 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 15 Oct 2026. That is 19 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 42 days before publication. Filed 1 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Vaneck Etf Trust (CRAK) on one side of this energy story
Companies mentioned with this story
- CRAK Vaneck Etf Trust
In “Chinese refiners buy Iraqi, West African crude for December arrival, traders say,” 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
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Chinese refiners buy Iraqi, West African crude for December arrival, traders say.” 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
In “Chinese refiners buy Iraqi, West African crude for December arrival, traders say,” 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
In “Chinese refiners buy Iraqi, West African crude for December arrival, traders say,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “crude” (tanker shipping) in this story
- AFK Vaneck Etf Trust
Vaneck Etf Trust (AFK) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Chinese refiners buy Iraqi, West African crude for December arrival, traders say.” Reason on file: VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“african”)
- FXI Ishares China Large-Cap Etf
For “Chinese refiners buy Iraqi, West African crude for December arrival, traders say,” Ishares China Large-Cap Etf (FXI) is linked, with no stored direction, medium confidence. Reason on file: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“chinese”)
- VLO Valero Energy
In “Chinese refiners buy Iraqi, West African crude for December arrival, traders say,” Valero Energy (VLO) is linked, with no stored direction, medium confidence. Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story
- MPC Marathon Petroleum
For “Chinese refiners buy Iraqi, West African crude for December arrival, traders say,” Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence. Reason on file: Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story
How energy news reaches Vaneck Etf Trust (CRAK)
On 3 Nov 2026, “Chinese refiners buy Iraqi, West African crude for December arrival, traders say” is the story that connects Vaneck Etf Trust (CRAK) to Energy.
What ties Vaneck Etf Trust (CRAK) to the headline is this: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story
Dates in the story, and the Vaneck Etf Trust (CRAK) price range
USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 156.89. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.
A simple score for Vaneck Etf Trust (CRAK)
54 out of 100
“Chinese refiners buy Iraqi, West African crude for December arrival, traders say” scores 54 out of 100. The score uses 2 sources, and 8 linked companies.