CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

Energy drove Q3 commodity gains as refined-product prices rose

Blockchain.News logo

Published on

Add as a preferred source on Google
Energy drove Q3 commodity gains as refined-product prices rose

VanEck said energy led Q3 2026 commodity gains as conflicts and refining constraints lifted refined-product prices; CMCITR and BCOM were up about 32% through September.

Energy was the main driver of broad commodity strength in the third quarter of 2026, according to VanEck, which said conflicts and refining constraints pushed refined-product prices higher while two broad commodity benchmarks finished September up roughly 32% for the year.

In its Oct. 14, 2026 commentary, VanEck said energy led Q3 commodity gains as conflicts and refining constraints lifted refined-product prices. The firm said the UBS Constant Maturity Commodity Index (CMCITR) and the Bloomberg Commodity Index (BCOM) each ended September up roughly 32% year to date. The source material does not provide the exact quarterly return, only the year-to-date figure through September.

Additional context in the supplied background points to a sharp rise in Brent front-month futures during the quarter: prices began Q3 at $72 a barrel on July 1, moved above $100 on July 23 and peaked at $109 on Sept. 15. The background also says prices averaged about $104 in the final two weeks of the quarter. These figures describe the quarter under review and not the current market quote.

S. Strategic Petroleum Reserve releases in September. S. refinery utilization averaged 95% and that gasoline crack spreads more than doubled from a year earlier, while distillate and jet-fuel spreads nearly tripled. For the week ending Sept. 25, distillate inventories were 13% below their five-year average.



Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.