American Dollar to Canadian Dollar = 0.731866; American Dollar to Chinese Yuan = 0.136259; American Dollar to Euro = 1.069939; American Dollar to Japanese Yen = 0.006781; American Dollar to Mexican Peso = 0.057212.
https://www.x-rates.com/table/?from=USD&amount=1.00
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“Prices are being driven up by tight supply due to high production outages in Venezuela plus the cuts implemented by OPEC and Russia,” said Carsten Fritsch, analyst at Commerzbank. “What is more, demand appears robust.” The United States has until May 12 to decide whether to quit a nuclear deal with Iran and reimpose sanctions against the third-largest producer in the Organization of the Petroleum Exporting Countries, tightening global supplies. OPEC’s supply curtailments and the threat of new sanctions are occurring as demand in Asia, the biggest oil-consuming region, has risen to a record. Click Read More below for additional information.
American Dollar to Canadian Dollar = 0.797116;
American Dollar to Chinese Yuan = 0.148312;
American Dollar to Euro = 1.171119;
American Dollar to Japanese Yen = 0.008988;
American Dollar to Mexican Peso = 0.056315.
Futures slid 0.5 percent after advancing 1.2 percent earlier. Oil may slip below $40 unless there are sustained inventory declines and a drop in the rig count, according to Goldman Sachs. U.S. crude stockpiles probably fell by 2.85 million barrels last week, a Bloomberg survey showed before an Energy Information Administration report Wednesday. “The market is still searching for a new equilibrium, and in particular for a lower band for the oil-price range,” said Jan Edelmann, an analyst at HSH Nordbank AG in Hamburg. Investor sentiment is “close to its lows,” which may cause a “renewed downswing in prices to sub-$40.” Click Read More below for additional detail.