American Dollar to Canadian Dollar = 0.736390; American Dollar to Chinese Yuan = 0.140082; American Dollar to Euro = 1.077834; American Dollar to Japanese Yen = 0.006924; American Dollar to Mexican Peso = 0.057349.
https://www.x-rates.com/table/?from=USD&amount=1.00
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“It does appear the only way is up for oil,” said Michael McCarthy, a chief strategist at CMC Markets in Sydney. “A lot of traders are speculating about the potential outcome of the OPEC meeting. Expectations are high and that could lead to disappointment if OPEC and its partners don’t deliver, but it doesn’t seem many are prepared to take the risk of that happening.” U.S. crude stockpiles at Cushing, Oklahoma, the delivery point for WTI and the biggest oil-storage hub, dropped by 1.8 million barrels last week, the API said, according to people familiar with the data. Gasoline inventories expanded by 869,000 barrels, API data show. Click Read More below for additional information.
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 0.3% in July after declining 1.8% in June. In July, the index equaled 113.7 (2015=100) compared with 113.3 in June. “While July wasn’t a strong month, we see continued evidence that the truck freight market is likely turning a corner, albeit slowly,” said ATA Chief Economist Bob Costello. “Some of July’s small gain was likely due to strong import activity, especially at West Coast seaports. Decent retail sales and factory output growing slightly from a year earlier also helped truck tonnage last month.” June’s decrease was revised down from our July 23 press release. Compared with July 2023, the index decreased 0.9%. In June, the index was down 0.6% from a year earlier.
National Average Price for Regular Unleaded Current: $3.162; Month Ago: $3.126; Year Ago: $3.274. National Average Price for Diesel Current: $3.694; Month Ago: $3.650; Year Ago: $4.097.