Sunday, April 12, 2015

Sunday Night Futures

by Bill McBride on 4/12/2015 08:15:00 PM

Monday:
• No economic releases scheduled.

Weekend:
Schedule for Week of April 12, 2015

An update on oil prices

From CNBC: Pre-Market Data and Bloomberg futures: currently S&P and DOW futures are up slightly (fair value).

Oil prices were up over the last week with WTI futures at $51.55 per barrel and Brent at $57.89 per barrel.  A year ago, WTI was at $102, and Brent was at $107 - so prices are down close to 50% year-over-year.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are up to $2.39 per gallon (down about $1.20 per gallon from a year ago).

If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.



Orange County Historical Gas Price Charts Provided by GasBuddy.com