Key Currency Exchange Rates for Friday, 11/17/23

Oil prices rose for a third straight session on Wednesday as a reported fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance. Brent crude futures were up 17 cents to $50.37 a barrel by 7:05 a.m. ET (1105 GMT). U.S. West Texas Intermediate futures climbed 28 cents to $48.17 a barrel. Both contracts rose to eight-week highs earlier in the session and rallied more than 3 percent on Tuesday. Click Read More below for more of the story.

International technology Group ANDRITZ has successfully started up the MDF line II supplied to Panel Plus MDF Co. Ltd., based in Bangkok, Thailand, for its mill in Hat Yai. The pressurized refining and chip washing system supplied by ANDRITZ is the centerpiece of the line. It has a capacity of 30 bdmt/h and is characterized by low specific energy consumption as well as excellent reliability. The chip washing system using the ANDRITZ sedimentation technology is the first of its kind to be delivered to Thailand and will be used mainly for sand removal. The scope of supply also included a maintenance-friendly ANDRITZ C-Feeder that ensures minimum energy consumption, higher system stability, and longer refiner plate lifetime. Click Read More below for additional information.

National Average Price for Regular Unleaded Current: $3.168; Month Ago: $3.118; Year Ago: $2.190. National Average Price for Diesel Current: $3.278; Month Ago: $3.243; Year Ago: $2.433.