Key Currency Exchange Rates for Friday, 9/2/22

American Dollar to Canadian Dollar = 0.741606; American Dollar to Chinese Yuan = 0.139011; American Dollar to Euro = 1.076754; American Dollar to Japanese Yen = 0.006652; American Dollar to Mexican Peso = 0.058666.

Oil in New York was unable to hold its advance above $50 a barrel last week as signs of rising global supply eroded optimism that output curbs by the Organization of Petroleum Exporting Countries and its partners are rebalancing the market. Compliance with cuts was 86 percent in July, according to a Bloomberg survey. “The market has recovered strongly from its lows on signs that the market is normalizing, but further upside at this stage seems unlikely,” said Ole Sloth Hansen, head of commodity strategy at Saxo in Copenhagen. Click Read More below for additional detail.

National Average Price for Regular Unleaded Current: $3.543; Month Ago: $3.579; Year Ago: $4.857. National Average Price for Diesel Current: $3.864; Month Ago: $3.946; Year Ago: $5.772.