Key Currency Exchange Rates for Friday, 10/14/22

American Dollar to Canadian Dollar = 0.793222 American Dollar to Chinese Yuan = 0.148758 American Dollar to Euro = 1.183841 American Dollar to Japanese Yen = 0.009043 American Dollar to Mexican Peso = 0.056105

Oil prices rose on Monday as OPEC reported that the global oil glut has been virtually eliminated, while U.S. crude’s discount to global benchmark Brent widened to more than $7, its deepest in five months. U.S. shale production is expected to hit a record 7.18 million barrels per day (bpd), the Energy Information Administration said. The production growth may be far from over, contributing to U.S. crude’s discount to Brent, analysts said.

National Average Price for Regular – Current: $2.523; Month Ago: $2.543; Year Ago: $2.285. National Average Price for Diesel – Current: $2.961; Month Ago: $2.946; Year Ago: $2.518.