VanEck Oil Refiners ETF Price & Performance (CRAK)

Phillips 66 reported $2 billion in asset sale proceeds and announced a new gas plant in the Permian Basin, reinforcing its NGL strategy. Despite ongoing refining challenges and a major turnaround program, the company raised its quarterly dividend to $1.20, signaling confidence in future cash flows and shareholder returns.1

The VanEck Oil Services ETF (OIH) has dropped over 22% year-to-date and more than 34% in the past year, reflecting broader weakness in oil services stocks. Despite this, the ETF remains heavily weighted in top sector players like Schlumberger and Baker Hughes, offering concentrated exposure to the volatile energy equipment space.2

The VanEck Oil Refiners ETF (CRAK) has rebounded 10% in two weeks but remains in a broader downward trend. Technical signals suggest a hold or accumulate stance, with resistance near $27.81 and support at $26.26. Low liquidity and recent volatility add risk for those considering entry at current levels.3