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 MarketUS heating oil futures dropped to about $2.50 per gallon, down from June highs as falling crude feedstock costs and worries about a looming global supply glut weighed on product markets. OPEC and its allies have been restoring capacity while non-member producers boosted output, and the group expects world oil demand to grow by about 1.3 million barrels per day this year and 1.38 million next year, with OPEC output nudging up to roughly 28.46 million barrels per day in October even as total OPEC plus production was little changed. Meanwhile, the distillate complex remains tight, as US distillate inventories fell by about 643,000 barrels in the week ending October 31th, the fifth consecutive weekly draw, leaving stocks well below seasonal norms and eroding the usual cushion refiners and distributors hold into winter, while refinery runs and diesel yields have softened so added crude has not translated into more middle distillates.
