Crude Oil ETFs Surge as Raw Material Supercycle Takes Hold

The raw material supercycle is affecting domestic investment markets, with exchange-traded funds (ETFs) that track crude oil prices leading the way. According to Coscom ETF Check on the 18th, ETFs that follow WTI crude oil futures prices are ranked second and third in growth rate among domestic listed ETFs over the past month, excluding leverage and inverse ETFs. KODEX WTI Crude Futures (H) rose 16.97% and TIGER Crude Futures (H) gained 16.95% during this period.

Oil-related ETF yields also increased as crude oil prices surpassed $100 per barrel due to the ongoing Middle East conflict. The WTI price on the 17th was $101.09 per barrel, down 1.31% from the previous trading day. This marks the first time in four months that WTI prices have exceeded $100 per barrel.

The rise in international oil prices is attributed to the prolonged conflict in the Middle East, which has disrupted crude oil production and transportation. Choi Jin-young, a researcher at Daishin Securities, notes that 'the long-term supply chain shock in the Middle East is driving raw materials to rise further.' He also predicts that if Super El Nino retreats around the first quarter of next year, the upward volatility of raw materials will expand further.