S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
US heating oil prices fell 2.7% to around $4.23 per gallon, retreating from a 3-1/2-month high of $4.34 reached in the previous session, as broader oil markets declined on signs of renewed diplomatic efforts between the US and Iran. Reports indicated that Pakistan, with backing from China, was seeking to restart negotiations, raising hopes of a potential easing in regional tensions. However, the Middle East conflict intensified this week, with US Central Command conducting its 13th consecutive night of strikes on Iran. Outside the region, Russian fuel supplies remain constrained, with less than half of refinery capacity damaged by Ukrainian drone attacks restored, leaving around 45 million tonnes of annual capacity offline. Meanwhile, warmer-than-normal weather forecasts through August 7 could lift power sector demand. EIA data showed distillate inventories, including heating oil and diesel, increased by 1.395 million barrels in the week ended July 17.
