The Energy Large Cap segment recorded a positive daily performance this Monday, (+1.71%). US gasoline prices have been increasing for 69 days without any decline now. The United States are about to announce the end of the waivers it had granted to eight countries to continue buying Iranian crude without punitive U.S sanctions. This is part of the Trump administration’s effort to drive Iran’s exports to zero. In response, Oil prices jumped to their highest level since October. Margins for refinery businesses are boosted with the crack spread rising on Monday. This is an indicator of the short-term profit margin of oil refineries. On a year-to-date basis, the segment’s performance is notably standing at +22.28% while cumulated flows are in the red at €-2Bn.
13 funds tracking 11 Indices can give you exposure to this segment that has approximately €13.7Bn of assets under management.