AAA Daily Fuel Gauge Report for Friday, 10/11/24

American Dollar to Canadian Dollar = 0.766065; American Dollar to Chinese Yuan = 0.152256; American Dollar to Euro = 1.186356; American Dollar to Japanese Yen = 0.009631; American Dollar to Mexican Peso = 0.049618.

American Dollar to Canadian Dollar = 0.737393; American Dollar to Chinese Yuan = 0.138250; American Dollar to Euro = 1.083513; American Dollar to Japanese Yen = 0.006605; American Dollar to Mexican Peso = 0.060465.

Oil prices rose on Monday as OPEC reported that the global oil glut has been virtually eliminated, while U.S. crude’s discount to global benchmark Brent widened to more than $7, its deepest in five months. U.S. shale production is expected to hit a record 7.18 million barrels per day (bpd), the Energy Information Administration said. The production growth may be far from over, contributing to U.S. crude’s discount to Brent, analysts said.