Key Currency Exchange Rates for Friday, 11/03/17

The global toilet-paper market was valued at US$41.04 billion in 2024 and is projected to reach US$42.88 billion this year, further expanding to US$46.83 billion by 2033, growing at a CAGR of 4.5% from 2025 to 2033, says a new study via Business Research Insights. Toilet paper is a key part of the hygiene and personal-care market, mostly because people use it every day, and there is growing attention on the need for sanitation. Strong retail services and a desire to use premium, environmentally sustainable and thicker papers give North America and Europe dominance in this market. At the same time, Asia-Pacific, Latin America and Africa are showing steady growth because of cities becoming bigger, living standards increasing. New methods for sustainable manufacturing such as using bamboo for toilet paper and other recycled-paper options, are growing in popularity due to people’s concern for the environment.

The spread between Brent crude oil futures contracts and U.S. WTI stood at its widest for three years on Friday with the latter set for a second consecutive week of declines as U.S. oil output comes close to matching that of top producer Russia. The premium has doubled to more than $11 a barrel in about a month as a lack of pipeline capacity in the United States traps much of the output inland. U.S. crude production has been rising to record levels since late last year. In March, it jumped 215,000 barrels per day (bpd) to 10.47 million bpd, a new monthly record, the Energy Information Administration said on Thursday. Click Read More below for additional information.