--- title: "The oil price center continues to rise, focusing on the core industrial chain of oil and gas, the ICBCCS CNI Oil&Gas ETF (159017) officially launched today" type: "News" locale: "en" url: "https://longbridge.com/en/news/281808917.md" description: "In a complex macro environment, the oil and gas sector has become the focus of market attention. ICBC Credit Suisse announced that the ICBCCS CNI Oil&Gas ETF (159017) will be launched from April 7 to April 17, 2026. Analysts point out that the upward movement of oil price centers, national energy security strategies, and the HALO asset attributes of oil and gas resources support the rise of this sector. Oil prices are influenced by commodity attributes, financial attributes, and geopolitical factors, and there is still an upward risk for current oil prices. Policy levels emphasize the guarantee of core demand for oil and gas, ensuring stable production of crude oil and natural gas. The oil ETF will track the CNI Oil&Gas Index, covering the relevant industrial chain" datetime: "2026-04-07T00:08:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281808917.md) - [en](https://longbridge.com/en/news/281808917.md) - [zh-HK](https://longbridge.com/zh-HK/news/281808917.md) --- # The oil price center continues to rise, focusing on the core industrial chain of oil and gas, the ICBCCS CNI Oil&Gas ETF (159017) officially launched today Editor: Ye Feng In the current complex and changing macro environment, the oil and gas sector is becoming one of the focal points of market attention due to its clear industry logic and broad investment prospects. Against this backdrop, new investment tools are emerging for core investment in the oil and gas industry chain. ICBC Credit Suisse announced that the Oil ETF ICBC (159017) will be offered from April 7, 2026, to April 17, 2026. Analysts point out that the upward trend in oil price centers, the long-term national energy security strategy, and the unique "HALO asset" characteristics of oil and gas resources constitute the "threefold logic" supporting the rise of this sector, marking a timely opportunity to allocate to the oil and gas sector. As the core variable of the oil and gas industry, oil prices are determined by three factors: commodity attributes, financial attributes, and geopolitical factors. Currently, ongoing geopolitical conflicts have led several institutions to indicate that there is still significant upward risk in current oil price levels, and the long-term center may shift upward. When the oil price center rises, the costs for upstream oil and gas extraction companies remain relatively fixed, and the increase in product prices may directly expand their profit elasticity, subsequently boosting the prosperity of downstream sectors such as oil services, oil transportation, and petrochemicals. On the policy front, the "14th Five-Year Plan" clearly states the need to ensure self-sufficiency in core oil and gas demand and implement a medium- to long-term strategy for increasing oil and gas reserves and production, ensuring that annual crude oil production remains stable at around 200 million tons and that natural gas production steadily increases. In addition, oil and gas resources are characterized by "high barriers and low commoditization," making them typical and high-quality HALO assets, defined as "heavy assets with low obsolescence." This concept has been included in investment reports by institutions such as Goldman Sachs and Morgan Stanley this year. Amid growing concerns about AI replacement and geopolitical tensions, HALO assets have quickly attracted market attention and are expected to draw increased investment from various sources. Data shows that the Oil ETF ICBC (159017) closely tracks the CNI Oil and Gas Index (referred to as CNI Oil and Gas, code: 399439.SZ). This index selects 50 companies involved in oil and gas exploration and development, oil and gas equipment and services, and gas transmission and distribution from the Shanghai and Shenzhen stock exchanges, covering the core industry chain of oil and gas extraction, storage and transportation, and urban gas. According to index compilation and constituent stock data, the weight of individual samples in the oil and gas exploration and development and oil and gas equipment and services sectors does not exceed 15%, with leading companies having higher weights and stronger representation. Compared to similar indices in the oil and gas industry and resources, the "three major oil companies" have a higher proportion in the CNI Oil and Gas Index, accounting for nearly 40%, while their proportion in the oil and gas industry and resources is nearly 30%. It is noteworthy that the CNI Oil and Gas Index has shown outstanding historical performance and clear dividend attributes, possessing both offensive and defensive characteristics to some extent. Wind data shows that as of April 2, the CNI Oil and Gas Index has achieved a return of 112.13% over the past five years, with a dividend yield of 3.24% over the past 12 months, both outperforming similar indices in the oil and gas industry and resources, which had returns and dividend yields of 100.86%/2.95% and 102.67%/3.17%, respectively Investors can use the ICBCCS CNI Oil&Gas ETF (159017) to easily allocate to the oil and gas sector and share in the dividends of the improving profitability of companies in the oil industry chain. Note: The base date for the CNI Oil and Gas Index is December 31, 2002, with annual fluctuations from 2021 to 2025 being 33.93%, 0.05%, 7.01%, 10.90%, and 10.13%, respectively. The base date for the CSI Oil and Gas Industry Index is December 31, 2004, with annual fluctuations from 2021 to 2025 being 25.51%, -2.14%, 7.52%, 6.29%, and 13.81%, respectively. The base date for the CSI Oil and Gas Resources Index is December 31, 2014, with annual fluctuations from 2021 to 2025 being 19.54%, -2.93%, 8.07%, 6.10%, and 14.88%, respectively. Fund fee description: The trading fees for the ICBCCS CNI Oil&Gas ETF are subject to the actual charges by the brokerage firm. Subscription fee: If the number of shares is S, when S < 1 million shares, the rate is 0.3%; when S ≥ 1 million shares, the fee is 1,000 yuan per transaction. When investors subscribe or redeem fund shares, the brokerage firm may charge a commission not exceeding 0.3%, which includes related fees charged by the stock exchange, registration agency, etc. The management fee rate is 0.50% per year, and the custody fee rate is 0.10% per year. Risk warning: The fund manager manages and utilizes the fund's assets in accordance with the principles of diligence, honesty, and prudence, but does not guarantee that the fund will be profitable or that there will be a minimum return. The ICBCCS CNI Oil&Gas ETF is classified as an equity fund, with risks and returns higher than those of mixed funds, bond funds, and money market funds. This fund is an index fund that mainly adopts a full replication strategy to track the market performance of the underlying index, possessing risk-return characteristics similar to those of the underlying index and the stock market it represents. Investing in ETFs will face risks such as fluctuations in the underlying index and risks of deviation between the fund's investment portfolio returns and the underlying index returns. Funds carry risks, and investors should carefully read the "Fund Contract," "Prospectus," "Fund Product Information Summary," and other legal documents before investing in the fund. Based on a comprehensive understanding of the product situation, fee structure, charging standards of various sales channels, and listening to the suitability opinions of sales institutions, investors should choose investment varieties that suit their risk tolerance. Fund investment must be cautious. 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