Key Currency Exchange Rates for Friday, 5/14/21

Futures lost 0.3 percent in New York after rebounding Tuesday from the biggest drop in a week. Motor fuel stockpiles gained by 1.4 million barrels last week, while crude inventories fell by 3.6 million barrels, the American Petroleum Institute was said to report. Energy Information Administration data Wednesday is forecast to show both gasoline and crude stockpiles decreased. U.S. crude stockpiles at Cushing, Oklahoma, the delivery point for WTI and the biggest U.S. oil-storage hub, dropped by 462,000 barrels last week, said the API, according to people familiar with the data. Nationwide crude inventories probably decreased by 3.48 million barrels last week, while gasoline supplies slid 1.25 million, according to analysts surveyed by Bloomberg. Click Read More below for additional detail.

What do toothpaste, perfume, soap and ink have in common? The surprising answer is turpentine. This versatile byproduct of the pulp- and paper-making process is used in a wide range of everyday products. Consider a typical day: You wake up and brush your teeth. Then you take a shower using your favorite soap. After you get dressed, you apply some makeup or a spritz of cologne or perfume. You might not have realized it, but before you left home this morning, you used a number of products that contain a special form of turpentine that Domtar makes. Your perfume’s floral fragrance and your toothpaste’s minty freshness originated as crude sulfate turpentine, a USDA-certified, all-natural and renewable byproduct of the pulp- and paper-making process. In fact, many of the scents and flavorings in products you encounter every day are derived from byproducts of the pulp- and paper-making process. Click Read More below for additional information.

American Dollar to Canadian Dollar = 0.754572; American Dollar to Chinese Yuan = 0.141156; American Dollar to Euro = 1.105007; American Dollar to Japanese Yen = 0.007066; American Dollar to Mexican Peso = 0.058991.