American Dollar to Canadian Dollar = 0.747505; American Dollar to Chinese Yuan = 0.139160; American Dollar to Euro = 1.093975; American Dollar to Japanese Yen = 0.007007; American Dollar to Mexican Peso = 0.057722.
https://www.x-rates.com/table/?from=USD&amount=1.00
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The U.S. Energy Information Administration reported Wednesday that crude supplies climbed by 2.1 million barrels for the week ended June 1. Analysts surveyed by S&P Global Platts had forecast a decline of 1.3 million barrels, while the American Petroleum Institute on Tuesday reported a fall of 2 million barrels, according to sources. The EIA also reported that total domestic crude production rose by 31,000 barrels a day to fresh weekly record of 10.8 million barrels a day. Gasoline stockpiles jumped by 4.6 million barrels for the week, while distillate stockpiles rose 2.2 million barrels, according to the EIA. Click Read More below for additional information.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 2.8% in August after decreasing 1.5% in July. In August, the index equaled 119 (2015=100) versus 115.8 in July. “Tonnage snapped back in August after a weaker than expected July,” said ATA Chief Economist Bob Costello. “With the economy in transition to slower growth and changing consumer patterns, we may see more volatility in the months ahead. But the good news is that we continue to witness areas of freight growth in consumer spending and manufacturing, which is helping to offset the weakness in new home construction.”
West Texas Intermediate futures were little changed after dropping 2.1 percent to a one-week low on Monday. The Organization of Petroleum Exporting Countries pumped 32.83 million barrels a day in September, up 120,000 barrels a day from August, according to data compiled by Bloomberg. Libyan production is set to recover from a five-month low as the nation’s biggest field restarts following a brief halt.
“With news of Libyan output looking to recover back to the 1 million-barrel-a-day level, oil bulls need to hold out for another bout of news on geopolitics,” said Jens Naervig Pedersen, senior analyst at Danske Bank A/S in Copenhagen. Click Read More below for additional detail.