Key Currency Exchange Rates for 12/23/21

American Dollar to Canadian Dollar = 0.704267; American Dollar to Chinese Yuan = 0.137482; American Dollar to Euro = 1.105028; American Dollar to Japanese Yen = 0.006910; American Dollar to Mexican Peso = 0.049027.

Futures dropped 1.1 percent in New York after a third weekly loss. Russia, which along with Saudi Arabia is trying to garner support for lifting output limits, was said to have boosted production earlier this month to above the level envisioned by OPEC. Meanwhile, the number of rigs drilling for crude in the U.S. inched higher, signaling output may extend a record. Saudi Arabia and Russia, among the countries with spare capacity to raise production, signaled last month they may restore output even though they hadn’t yet consulted most other producers. Oil prices have fallen more than 7 percent since the two nations made their proposal public. Click Read More below for additional information.

National Average Price for Regular Unleaded Current: $3.587; Month Ago: $3.581; Year Ago: $4.440. National Average Price for Diesel Current: $3.873; Month Ago: $3.897; Year Ago: $5.476.