Core Viewpoint - The recent increase in international crude oil prices has positively impacted domestic oil and gas ETFs, with several funds showing significant gains since the beginning of the year [1][2]. Oil Price Trends - Brent crude oil prices have fluctuated, reaching $72 per barrel on February 23, the highest since July 2025, before slightly retreating [1]. - As of February 24, Brent crude was trading around $71.73 per barrel, marking an increase of over 5.5% since February 15 [1][2]. ETF Performance - Multiple oil and gas ETFs surged on February 24, with three products rising over 9%: the Invesco S&P Oil & Gas ETF (QDII) at 9.73%, the Harvest S&P Oil & Gas ETF (QDII) at 9.66%, and the Yinhua CSI Oil & Gas Resources ETF at 9.53% [2]. - Year-to-date, oil and gas themed funds have achieved positive returns, with the highest exceeding 18% [1][3]. Market Analysis - Analysts attribute the rise in oil prices to geopolitical tensions, particularly the escalating conflict between the U.S. and Iran, which has created a tighter supply atmosphere [2][4]. - The EIA reported a decrease in crude oil inventories due to increased winter demand, contributing to the recent price uptick [2]. Long-term Outlook - Experts suggest that while short-term returns on oil and gas ETFs may be optimistic due to current geopolitical and supply-demand dynamics, the long-term trend remains stable with potential for further gains [4]. - The average return for oil and gas themed funds over the past year is 16.94%, with top performers achieving returns over 40% [3].