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IPC Index — Mexico Market
S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
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
AED • EUR • GBP • USD IBANs   |   CROSS BORDER FX   |   LOCAL CURRENCIES   |   GLOBAL COVERAGE
Crude OilWTI Oil

Oil Hovers at Two-Week Low

WTI crude oil futures hovered below $60 per barrel on Thursday, holding a two-day decline to a two-week low, as a large inventory build amplified concerns about oversupply. Government data showed that US crude stocks surged by more than 5 million barrels last week, marking the biggest increase since July. However, US gasoline inventories fell by nearly 5 million barrels to a three-year low. The increase in crude inventories added to worries as output continues to grow among both OPEC+ members and non-member producers, stoking fears of a global glut. Commodities trader Mercuria said the surplus is forming gradually but could reach 2 million barrels per day next year. OPEC+ also recently approved a modest production increase for December but plans to pause further hikes in early 2026, reflecting caution amid weakening demand. Offsetting some losses, Russia’s Tuapse port suspended fuel exports and refinery operations after Ukrainian drone attacks damaged its infrastructure.

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