News8 May 2026

Economic data news, 8 May 2026

10 items from 3 publishers.

Policy rates

Policy ratesMexico

Mexico policy rate lowered to 6.50%

The central bank policy rate for Mexico was lowered to 6.50% on 8 May 2026, from 6.75%, a change of 25 basis points. Bank for International Settlements publishes this rate daily as part of its central bank policy rate dataset.

Policy ratesNorway

Norway policy rate raised to 4.25%

The central bank policy rate for Norway was raised to 4.25% on 8 May 2026, from 4.00%, a change of 25 basis points. Bank for International Settlements publishes this rate daily as part of its central bank policy rate dataset.

Energy

EnergyUnited States

Brent crude oil down 11.5% to $105.88 a barrel

Brent crude oil stood at $105.88 a barrel in the week to 8 May 2026, down 11.5% from $119.63 a barrel the week before. Published weekly by U.S. Energy Information Administration.

EnergyUnited States

Cushing crude oil stocks down 5.8% to 27,422 thousand barrels

Cushing crude oil stocks stood at 27,422 thousand barrels in the week to 8 May 2026, down 5.8% from 29,124 thousand barrels the week before. Published weekly by U.S. Energy Information Administration.

EnergyUnited States

WTI crude oil down 3.1% to $102.28 a barrel

WTI crude oil stood at $102.28 a barrel in the week to 8 May 2026, down 3.1% from $105.57 a barrel the week before. Published weekly by U.S. Energy Information Administration.

EnergyUnited States

US crude oil production up 1.0% to 13,710 thousand barrels a day

US crude oil production stood at 13,710 thousand barrels a day in the week to 8 May 2026, up 1.0% from 13,573 thousand barrels a day the week before. Published weekly by U.S. Energy Information Administration.

EnergyUnited States

US weekly petroleum report, week to 8 May 2026

The weekly petroleum status report covers: WTI crude oil $102.28 a barrel (down 3.1%); Brent crude oil $105.88 a barrel (down 11.5%); Cushing crude oil stocks 27,422 thousand barrels (down 5.8%); US commercial crude oil stocks 452,876 thousand barrels (down 0.9%); US gasoline stocks 215,711 thousand barrels (down 1.9%); US distillate stocks 102,534 thousand barrels (up 0.2%); US Strategic Petroleum Reserve stocks 384,095 thousand barrels (down 2.2%); US crude oil production 13,710 thousand barrels a day (up 1.0%); US refinery utilisation 91.70% (up 1.8%). Each figure is a weekly average or end-of-week level as published by the U.S. Energy Information Administration, with the change measured against the previous week.

Government bonds

Government bondsCanada

Government of Canada 10 year yield fell 6 basis points to 3.47%

The Government of Canada 10 year yield closed at 3.47% on 8 May 2026, down 6 basis points from 3.53% at the previous close. Across the curve: 2Y at 2.86%, 5Y at 3.12%, 10Y at 3.47%. Published by Bank of Canada.

Currencies

Currencies

Euro reference rate for the KRW moved 1.04%

The European Central Bank euro reference rate for EUR/KRW was 1,725.0800 on 8 May 2026, up 1.04% from 1,707.4000 at the previous fixing. These are once daily reference rates published by the ECB at around 16:00 CET. They are not tradable quotes and they are not intended for valuation or settlement.

Sources

  • Source: Bank for International Settlements (central bank policy rates).
  • Source: Bank of Canada.
  • Source: U.S. Energy Information Administration (EIA).