U.S. oil prices rose on Tuesday and gasoline fell as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch. Gasoline futures RBc1 dropped 4 percent from their last close, to $1.68 per gallon, down from $2.17 on Aug. 31 and back to levels last seen before Harvey hit the U.S. Gulf Coast and its large refining industry. U.S. West Texas Intermediate crude futures Clc1 rose more than 1 percent to $47.84 per barrel by 1008 GMT, up 55 cents from their last settlement. “Gasoline fell as refineries in Texas began to reopen,” said William O‘Loughlin, investment analyst at Rivkin Securities. Texas was edging towards recovery from the devastation of Harvey as shipping channels, oil pipelines and refineries restarted some operations.
American Dollar to Canadian Dollar = 0.742575; American Dollar to Chinese Yuan = 0.145296; American Dollar to Euro = 1.117343; American Dollar to Japanese Yen = 0.009102; American Dollar to Mexican Peso = 0.052307.
Crude-oil prices slumped on Monday as investors sought refuge from financial markets that have been pummeled by the financial crisis in Greece. The Greek government has shut down the banking system for six days as it tries to buy yet more time to resolve its five-year debt crisis. The move puts Greece closer than ever to an exit from the euro, raising doubts about the future of the common currency itself. While there is no direct impact on oil markets, analysts said that the uncertainty is having a knock-on effect in most financial assets. The dollar USDEUR, +0.4835% strengthened against the euro and some other major currencies, which makes crude more expensive for non-U.S. buyers.
All TNT depots, hubs and facilities around the globe are open, operational and working to quickly clear any backlogs, and most TNT services are now available. TNT continues to make significant progress in resuming full services and bringing critical systems back online. These remediation efforts are being carried out methodically to ensure the integrity of TNT’s information systems and operations. Contingency plans that make use of both FedEx Express and TNT networks will remain in place to minimize impacts to customers, including offering the full range of FedEx Express services as alternatives. Some customers may continue to experience delays in service and access to package information. Click Read More below for additional detail.