American Dollar to Canadian Dollar = 0.732057; American Dollar to Chinese Yuan = 0.145740; American Dollar to Euro = 1.049720; American Dollar to Japanese Yen = 0.007428; American Dollar to Mexican Peso = 0.051805.
https://www.x-rates.com/table/?from=USD&amount=1.00
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Oil prices are approaching the highs of January, after a wider market rout spurred the worst February decline in half a decade. The Organization of Petroleum Exporting Countries and its allies have concluded they will eradicate the oil surplus by September even as investors continue to weigh those comments against surging U.S. crude production. U.S. crude inventories fell by 2.62 million barrels last week, the Energy Information Administration said Wednesday. Analysts had forecast a gain of 3.25 million barrels, and only two of the 12 surveyed had expected a decline. America’s gasoline inventories also tumbled for a third week to the lowest level since late January, while distillate stockpiles contracted for a sixth straight week to the least since December. Click Read More below for additional information.
National Average Price for Regular Unleaded Current: $2.838; Month Ago: $2.500; Year Ago: $2.325. National Average Price for Diesel Current: $3.056; Month Ago: $2.740; Year Ago: $2.783
What a difference a week can make. Oil prices surged to their highest level in over three years last week, and strategists were marveling that prices had shot up so quickly. Now prices are slumping. US crude oil futures have dropped by nearly 10% to trade around $66.50 per barrel, down from about $73 last week. Global benchmark Brent crude oil has dropped by about 6% to trade around $76, after peaking above $80. The sharp price decline was triggered on Friday by Saudi Arabia, the biggest oil exporter in the world and de facto leader of oil cartel OPEC. Click Read More below for additional information.