Samsung Crude Oil(03175.HK) +0.23%, US crude stocks down 3.06m bbl

NewTimeSpace News: Samsung Crude Oil(03175.HK) edged higher in Hong Kong in the afternoon session. As of 13:45 HKT on October 23, 2026, the ETF stood at HK$13.130, up 0.23%, with turnover of HK$4.57 million, volume of 347,800 units and a turnover rate of 1.55%.

The ETF is managed by Samsung Asset Management (Hong Kong) Limited and tracks, through futures contracts, the S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M Index (USD) excess return. As of the same time, the ETF had assets of HK$292 million, a net asset value of HK$12.998 per unit and a board lot of 200 shares.

On the news front, US Energy Information Administration data showed commercial crude inventories fell 3.06 million barrels to 412.5 million barrels in the week to October 16; gasoline stocks fell 2.952 million barrels, distillate inventories rose about 1.68 million barrels. 

Huatai Securities said in a research note that alternative pipelines, ship-to-ship transfers and higher output from other producers have restored crude supply notably since August, yet prices have not fallen in tandem; the market has shifted from a supply disruption to a mix of constraints spanning lower transport efficiency, drawn inventory buffers and insufficient refining capacity.