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BlackRock Energy & Resources Trust yields 7.12%, benefits from rising oil prices amid Middle East tensions.

Market News
23 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

The BlackRock Energy & Resources Trust (BGR) offers a 7.12% yield and has outperformed the S&P 500 year-to-date due to its focus on major oil producers. With over half of its assets sensitive to crude oil price movements, BGR is positioned to benefit from sustained high oil prices driven by geopolitical risks in the Middle East. The fund trades at a 10% discount to its net asset value and covers distributions through realized gains, making it a strong hedge against further oil price increases. Investors may consider BGR for income and exposure to energy equities amid ongoing market uncertainties.

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