Philippine peso falls to a record low of 63.439 per US dollar.

The DOE said the Trump administration plans to lend nearly one-third of the 1.0 mln-barrel emergency heating oil reserve to ease upward pressure on oil/diesel prices. Heating oil is similar in composition to diesel; diesel has surged above $6.50/gal amid Middle East supply disruption tied to the Iran war. The DOE said it will assess whether further releases are needed and will run a loan bid program for fuel retailers and end holders to direct supply to shortage-hit regions. Energy Secretary Wright said the administration is committed to doing everything possible to lower energy costs.

U.S. President Trump said Apple has pledged to buy $100 million of Pennsylvania-made titanium for use in manufacturing a new iPhone.