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Van Eck Global Launches Market Vectors® Oil Refiners ETF (CRAK)

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NEW YORK--(BUSINESS WIRE)--Van Eck Global has launched the Market Vectors Oil Refiners ETF (NYSE Arca: CRAK), the first U.S.-listed ETF to offer pure-play exposure to global oil refiners. CRAK seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Global Oil Refiners Index (ticker: MVCRAKTR). To be included in the index, companies must generate at least 50% of their revenues from crude oil refining and meet certain size and liq

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