Key Currency Exchange Rates for Friday, 6/25/21

Prices for U.S. benchmark oil futures settled with a gain Wednesday, at a nearly one-week high, after U.S. government data revealed the biggest weekly decline in U.S. crude supplies since January. Global benchmark Brent crude prices, however, finished lower as traders monitored comments from major oil producers gathering for the much-anticipated Organization of the Petroleum Exporting Countries meeting at the end of the week. The U.S. Energy Information Administration reported Wednesday that crude supplies dropped by 5.9 million barrels for the week ended June 15. Click Read More below for additional information.

Futures are up more than 11 percent in 2017, having entered a bull market in September. The year’s gains were driven by output cuts by the Organization of Petroleum Exporting Countries and Russia, along with geopolitical tensions in the Middle East and pipeline disruptions from the North Sea to Canada and Libya. In 2018, investors will watch whether the price recovery triggers a new flood of U.S. output. “The current highs are unsustainable in the short-to-medium term, with prices likely to head back below $60 once we get past January, but for now the season of goodwill appears to be in full swing,” said analysts led by Michael dei-Michei at consultants JBC Energy GmbH in Vienna. Click Read More below for additional information.

UPS continues to provide essential service amid the ongoing coronavirus outbreak to support the needs of our customers. Our goal is to ensure businesses and customers are able to meet their shipping needs while demand has increased for shipping services. One or more Peak Surcharges will apply to packages shipped during the specified Peak Periods for the origins, destinations, and service levels and in the amounts set forth below. Peak Surcharges apply in addition to all other applicable Charges. Peak Surcharges are subject to change and Peak Periods may be extended or otherwise changed. Shippers should continue to check ups.com/peaksurcharge for updates prior to tendering shipments. details at: https://www.ups.com/assets/resources/media/en_US/2021_UPS_Peak_Surcharges.pdf