Samsung Crude Oil(03175.HK) up 0.51%, Mideast Sept exports 12.8m bpd

NewTimeSpace News: International oil prices rose during Asian trading today. As of 13:06 HKT on September 28, 2026, Samsung S&P GSCI Crude Oil ER Futures ETF(03175.HK) rose 0.51% intraday to HK$11.800, with turnover of HK$4.7461 million and a turnover rate of 1.65%.

NewTimeSpace understands that the ETF is managed by Samsung Asset Management (Hong Kong) Limited and is a futures-based exchange traded fund that invests directly in WTI crude oil futures contracts traded on the New York Mercantile Exchange, tracking the S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index. As of 13:06 HKT on September 28, 2026, the ETF had assets of HK$292 million, a net asset value of HK$11.913 per unit and a board lot of 200 units.

according to Reuters, preliminary Kpler data showed crude exports from major Middle East producers rebounded to 12.8 million barrels per day in September, the highest since February this year, with loadings through the Strait of Hormuz expected at about 7.4 million bpd this month.

The International Energy Agency noted in its monthly oil market report that, with the supply recovery delayed, global oil demand is expected to decline by 2.5 million barrels per day in 2026, a revision 940,000 bpd deeper than the previous forecast, before recovering by 2.6 million bpd in 2027.

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