Samsung S&P GSCI Crude Oil ER Futures ETF (03175.HK) Rises 2.00% Intraday; EIA Reports 3-Million-Barrel US Crude Build

NewTimeSpace News: As of 14:26 on September 24, the Samsung S&P GSCI Crude Oil ER Futures ETF (03175.HK) rose 2.00% to a latest price of HK$11.750. The ETF has traded 57,200 shares so far today for a turnover of HK$668,694 at an average price of HK$11.690, with a turnover rate of 0.23%. It is down 1.34% so far this week. Its current net asset value per unit is HK$11.77, and its assets under management stand at HK$288.4 million.(Note on scope: the net asset value per unit and assets under management are as of September 23, 2026; the week-to-date change is measured against the closing price of HK$11.910 on September 18.)

On the news front, the US Energy Information Administration said on September 23 that US commercial crude inventories rose by 3 million barrels to 426.4 million barrels in the week to September 18, against expectations of a 641,000-barrel draw; distillate stocks, including diesel and heating oil, fell by 428,000 barrels to 107.4 million barrels over the same period.

Samsung S&P GSCI Crude Oil ER Futures ETF (03175.HK) closely tracks the S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index. The index tracks the performance of multiple contract months of West Texas Intermediate crude oil futures contracts traded on the New York Mercantile Exchange, covering the one-, two- and three-month forward contracts (and, during roll periods, the four-month contract), rolled monthly; it is an "excess return" (ER) index and its performance may differ from the spot price of WTI crude oil. The fund adopts a full replication strategy, investing directly in WTI futures contracts.

Everbright Securities noted that global observed crude oil inventories fell by 95 million barrels in August, taking the cumulative decline since February to 507 million barrels; meanwhile, Gulf states' net diesel exports stood at only 390,000 barrels per day in August, just above a quarter of pre-conflict levels, and European refinery utilisation reached 90.43% in August while US refinery utilisation hit 96.80% in the week to September 11, both at year-to-date highs, leaving refined product supply seriously lacking in resilience.

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