American Dollar to Canadian Dollar = 0.754710; American Dollar to Chinese Yuan = 0.143901; American Dollar to Euro = 1.181447; American Dollar to Japanese Yen = 0.009375; American Dollar to Mexican Peso = 0.045099.
https://www.x-rates.com/table/?from=USD&amount=1.00
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Futures lost as much as 1.5 percent in New York. Inventories probably rose 2.9 million barrels last week, according to a Bloomberg survey before a government report later Thursday. Global equities and industrial metals also dropped after an upbeat U.S. growth outlook fueled the possibility of interest-rate hikes. U.S. crude inventories rose by 1.84 million barrels in the week through Feb. 9, data from the Energy Information Administration show. While analysts surveyed by Bloomberg expect a further increase in this week’s numbers, the American Petroleum Institute was said to report a decline of 907,000 barrels. Click Read More below for additional information.
American Dollar to Canadian Dollar = 0.815026; American Dollar to Chinese Yuan = 0.154635; American Dollar to Euro = 1.208318; American Dollar to Japanese Yen = 0.009180; American Dollar to Mexican Peso = 0.049846.
Oil is struggling to regain the highs of January after a sell-off in global equities seeped into crude markets earlier this month. Surging U.S. production continues to challenge efforts by the Organization of Petroleum Exporting Countries and its friends to alleviate a global oversupply, with forecasts pointing to record output from the Permian shale basin. “Prices are vulnerable to the downside over the coming months,” said Giovanni Staunovo, an analyst at UBS Group AG in Zurich. “Though the market likes OPEC and its allies’ show of unity, we still need to see how U.S. shale companies will react on higher prices and eventually offset all the efforts of OPEC and others to reduce inventories.” The increase in U.S. production is not “a blip,” Brouillette said. “We are optimistic about 2019 and 2020 too.” Click Read More below for additional information.