CommoditiesMedium•9 November 2026•
1 min read
MXV-Index Drops 4.53% as Global Oil Prices Plunge Over 12%
Key Facts
1The MXV-Index fell by 4.53% to 2,734 points, driven by turmoil in energy markets.
2Brent crude futures closed down 13.32% at $98.32 per barrel.
3WTI crude fell 12.76% to $90.83 per barrel amid record US production.
The MXV-Index fell by 4.53% to 2,734 points following significant turmoil across global energy markets. Vietnam.vn reported that Brent crude futures closed down 13.32% at $98.32 per barrel, while WTI crude dropped 12.76% to settle at $90.83 per barrel.
The sharp decline was driven by record-high US oil production and the impact of US midterm elections on market sentiment, alongside prospects for US-Iran dialogue. Selling pressure dominated the sector during the week ending November 6, 2026, with four out of five energy commodities declining between 7% and 13%.