Samsung Oil(03175.HK) down 2.12%, US to release 40m bbl via SPR swap

NewTimeSpace News:as of 13:26 HKT on September 30, 2026, Samsung S&P GSCI Crude Oil ER Futures ETF (03175.HK) fell 2.12% to HK$11.550, with turnover of HK$821,500, volume of 71,200 units and a turnover rate of 0.29%.

NewTimeSpace has learned that the ETF is managed by Samsung Asset Management (Hong Kong) Limited and is a futures-based commodity ETF that invests directly in WTI crude oil futures 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 13:26 HKT on September 30, 2026, the ETF had HK$283m in assets, a net asset value of HK$11.545 per unit and a board lot of 200 units.

On the news front, Xinhua reported that the Office of Petroleum Reserves of the US Department of Energy issued a solicitation to release up to 40 million barrels of crude to the market through an exchange, with deliveries expected in November and December. 

Standard Chartered commodity analysts noted that trend-following funds currently hold extreme long positions across Brent, WTI and key refined products, a positioning structure seen only a handful of times in the past decade; with global energy inventory buffers thin, room for further position building has largely been exhausted.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.