Key Currency Exchange Rates for Friday, 5/25/18

American Dollar to Canadian Dollar = 0.803578 American Dollar to Chinese Yuan = 0.152452; American Dollar to Euro = 1.192098; American Dollar to Japanese Yen = 0.009080; American Dollar to Mexican Peso = 0.056014.

Futures lost as much as 1 percent in New York, after falling 2.4 percent in the previous two sessions. Gasoline supplies rose by 4.91 million barrels last week, the American Petroleum Institute was said to report. That will be the biggest gain since January if replicated in government data Wednesday. Libya is gradually resuming output at its biggest oil field, people familiar with the matter said. Nationwide crude stockpiles fell by 4.08 million barrels last week, the API said Tuesday, according to people familiar with the data. Crude stockpiles at Cushing, Oklahoma, climbed by 2.08 million barrels. An Energy Information Administration report Wednesday is forecast to show supplies slid by 500,000 barrels, according to the median estimate in a Bloomberg survey. Click Read More below for more of the story.

American Trucking Associations President and CEO Chris Spear told the House Transportation and Infrastructure Committee that automated vehicle technology holds great promise to enhance highway safety, boost economic productivity, and support trucking’s essential workforce. In order to harness this technology’s full potential, Spear emphasized that regulations must be consistent to avoid a patchwork of rules that treat highway users differently. “What’s needed first is a national framework that encourages development, testing and deployment of technology, in direct support of interstate commerce,” Spear said in a hearing before the panel’s Subcommittee on Highways and Transit. “Federal guidance should treat commercial and passenger vehicles equally and require automated vehicles to achieve an acceptable level of safety and performance, rather than requiring the use of specific technologies.”