BlackRock Energy Opportunities Fund Q3 2025 Commentary

BlackRock 5.09K Follower s Follow 5 Share Save Play ( 7min ) Comments Summary BlackRock Energy Opportunities Fund posted returns of 4.32% (Institutional shares) and 4.29% (Investor A shares, without sales charge) for the third quarter of 2025. The fund’s underperformance of its benchmark was driven by positioning in integrated oil and gas distribution companies. During the quarter, oil prices were mixed, with European benchmark Brent Crude increasing by 0.5% to $68.50 per barrel, while U.S. marker West Texas Intermediate fell by 4.7% to $63.20 per barrel. Key themes that have shaped portfolio construction include a preference for natural gas over oil exposure, particularly natural gas-related infrastructure. The fund held selective exposures to oilfield services companies and oil producers that we believed would deliver at current oil prices. J Studios/DigitalVision via Getty Images Commentary as of 09/30/25 The fund posted returns of 4.32% (Institutional shares) and 4.29% (Investor A shares, without sales charge) for the third quarter of 2025. The fund’s underperformance of its benchmark was driven This article was written by BlackRock 5.09K Follower s Follow BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.

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