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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
Heating OilMarkets

Heating Oil Falls to 2-Week Low

Heating oil futures for delivery at New York Harbor fell over 3% to around $3.70 per gallon, hitting a two-week low, as optimism over a US-Iran deal raised expectations of gradual normalization in Middle East energy exports. President Trump said discussions were moving forward in a constructive manner but reiterated that the US would not expedite an agreement. He also noted that the reopening of the Strait of Hormuz had been largely negotiated and could be announced soon, but the US blockade would stay in place until the negotiations are fully concluded. Exports of distillate products from the region have been largely halted since the war began in March, straining refinery operations and pushing heating oil futures to a record high of $4.60 that month. Meanwhile, US distillate stocks unexpectedly rose in mid-May, contrasting with a drop in gasoline, suggesting refiners prioritized diesel and jet fuel production amid global transportation fuel shortages.

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